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House Hack Calculator

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California House Hack Calculator

House hacking means living in one unit and renting the rest. Pre-filled with California median prices, rents, and tax rates. See your effective housing cost after rental income and savings versus renting.

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Property & Financing

Units & Rental Income(California defaults)

Monthly Rental Income$4,987

Operating Expenses(California defaults)

Total Monthly Expenses$1,065

Rent Comparison

Monthly Savings vs. Renting$1,276

California Market Context

Avg Cap Rate

4.2%

Median Price

$833K

Property Tax

0.69%

Vacancy Rate

4.8%

Local Factors

  • -Prop 13 caps property tax increases at 2% per year, benefiting long-term holders
  • -Strict rent control laws in major cities (LA, SF, Oakland) limit rent increases
  • -Wildfire risk is driving insurance costs up dramatically; some areas are becoming uninsurable

Sources

World Population Review – Median Home PriceFL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance RatesiPropertyManagement – Vacancy Rates

Effective Housing Cost

$1,343

Moderate
Monthly Mortgage$5,265
Monthly Expenses$1,065
Total Monthly Cost$6,330
Rental Income− $4,987
Cost Coverage78.8%
Annual Savings vs. Rent$15,307
Cash on Cash Return-38.7%

Who Covers Your Costs

COVERAGE79%
Rental Income$4,987
Your Cost$1,343

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.

Keep running the numbers

One calculator rarely tells the whole story.

House hacking in California changes the math on everything. Run the rest of the numbers.

Cash on Cash Return

Measure the annual return on your actual cash invested, factoring in financing, expenses, and rental income.

Calculate

Mortgage

Calculate your monthly mortgage payment, total interest, and see a full cost breakdown.

Calculate

Rent vs. Buy

Compare the total cost of ownership versus renting over time.

Calculate

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