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Colorado House Hack Calculator

House hacking means living in one unit and renting the rest. Pre-filled with Colorado 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(Colorado defaults)

Monthly Rental Income$3,467

Operating Expenses(Colorado defaults)

Total Monthly Expenses$986

Rent Comparison

Monthly Savings vs. Renting$617

Colorado Market Context

Avg Cap Rate

4.8%

Median Price

$582K

Property Tax

0.52%

Vacancy Rate

4.5%

Local Factors

  • -Denver metro area has strong tech and outdoor-lifestyle driven demand
  • -Hailstorm and wildfire risk driving significant insurance cost increases
  • -Gallagher Amendment repeal in 2020 may shift residential property tax burden over time

Effective Housing Cost

$1,198

Moderate
Monthly Mortgage$3,678
Monthly Expenses$986
Total Monthly Cost$4,665
Rental Income− $3,467
Cost Coverage74.3%
Annual Savings vs. Rent$7,403
Cash on Cash Return-49.4%

Who Covers Your Costs

COVERAGE74%
Rental Income$3,467
Your Cost$1,198

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.

Want to analyze a full deal with comps, rehab estimates, and flip projections?

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