Make your own calculator. 

I’d just add one lens that helped me early on:When you’re house hacking a single-family, you’re really buying income slots more than just a property.A 2/2 gives you one extra income slot.A 3/2 or 4/2 gives you multiple.That doesn’t mean a 2/2 is a bad move.

The SetupIn-law studio (~500 sq ft) rented for $1,500/month (utilities included)Private entrance + own washer/dryer, carportElectric heat only in the studio (no separate meter)Notable: electric bill increased ~$300/month during winter from usageMain house:~1,632 sq ft + ~800 sq ft finished basement, 2 car oversized garage 3 bed / 2 bathEstimated rent: $3,500–$4,000/month Option 1: Max Cash FlowRent both separately ~$5,000–$5,500/monthReality:I eat all utilities (and potential overuse) and outside maintenance Managing 2 tenantsShared property dynamics Option 2: Simplicity PlayRent entire property to one tenant ~$3,800–$4,200/monthTenant pays all utilitiesUpside:One tenantNo utility exposureCleaner, lower-friction setupThe Real QuestionWould you take an extra $10-12K/year knowing:Utilities are uncontrolled (already saw +$300/mo spike from one unit)More management + potential tenant frictionOr is this an easy call to simplify and lock in lower-risk income?

Cost Breakdown — Prices out fencing installation for the parcel (even the costs of different materials) — Estimates entry gate and access control costs — Calculates gravel and lot preparation costs — Factors in lighting installation — Includes Phase 1 Environmental Study costs (required before most commercial purchases) — Breaks down total lot improvement costs for an A (fully paved lot), B (gravel lot), or C (dirt lot) class facilityMarket Analysis — Accesses Truck Parking Club to pull current competitor pricing in the area — Maps all nearby truck parking locations for supply/demand comparison — Identifies gaps in coverage where demand exceeds supplyThe Return Breakdown — Plugs in purchase price and debt structure — Models occupancy scenarios (stabilized at 70%, 80%, 90%) — Calculates monthly revenue per stall — Projects overall asset value once the lot is operational — Gives a clear go/no-go score on the dealWhat It Spits OutI give it an address and a purchase price.

The potential upside would be: Adding shared laundry (thinking ~$50–$60/month per tenant as an optional add-on)Offering dedicated storage (~$25–$30/month)Or bundling both (~$75/month)  A few constraints: Current tenants are stable and I don’t want to disrupt them, so this would be positioned as optional upgrades, not baked into rent (at least for now)I’m not expecting massive rent upside, but there is some monetization potentialLonger-term, I could see this being rolled into rent for future tenants  So the decision is essentially: Option A: Solve the moisture issue only (purely defensive, no added income)Option B: Spend the extra ~$6K to make the space usable and open up some incremental revenue + better tenant experience  For those of you who’ve done similar: Have you seen tenants actually pay for basement laundry/storage in this type of setup?

(i am using these numbers from an online amortization calculator) In the first month paying just $474.42 to the principal ending the first year at $5858.98 of total principal paydown. 

I'd consider using a spreadsheet/calculator that can capture the total net worth ROI of buying a home (Loan paydown, appreciation, tax benefits, etc).

Hi, Can someone link the multi family calculator you use?

My wife and I have a combined net worth of over $320k between cash, IRA, 401k, and standard brokerage accounts and we earn over $325k annually with expectations for the income to grow, so we feel like we have a strong financial base to allow us to go out and take calculated risk.As an additional note, we have family/friends in both Orlando and Atlanta so that largely plays a big factor in narrowing down to those two markets as that will us trusted boots on the ground as a long distance investor.

(BP Calculator, Excel, Something else?)