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House Hack Calculator

House hacking means living in one unit and renting the rest. This calculator shows your effective housing cost after rental income, how much of your mortgage your tenants cover, and your savings versus renting.

Property & Financing

Units & Rental Income

Monthly Rental Income$2,280

Operating Expenses

Total Monthly Expenses$1,050

Rent Comparison

Monthly Savings vs. Renting$202

Effective Housing Cost

$1,298

Moderate
Monthly Mortgage$2,528
Monthly Expenses$1,050
Total Monthly Cost$3,578
Rental Income$2,280
Cost Coverage63.7%
Annual Savings vs. Rent$2,422
Cash on Cash Return-77.9%

Who Covers Your Costs

COVERAGE64%
Rental Income$2,280
Your Cost$1,298

What does this mean?

Your tenants are offsetting a good portion of your costs, but there's room to improve. Consider whether you can increase rents, reduce expenses, or add another unit.