Florida House Hack Calculator

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

Market

Browse calculators by state

Property & Financing

Property Price

Down Payment($20,750)

Interest Rate

Loan Termyears

Units & Rental Income(Florida defaults)

Total Units(you live in 1, rent 2)

Rent Per Unit/mo

Vacancy Rate(6.9% avg in FL)

Monthly Rental Income$3,538

Operating Expenses(Florida defaults)

Total Monthly Expenses$1,045

Annual Property Tax(0.8% avg in FL)

Annual Insurance($3,815 avg in FL)

Annual Maintenance

Annual Utilities (Owner-Paid)

Rent Comparison

What You'd Pay to Rent/mo

Monthly Savings vs. Renting$1,770

Florida Market Context

Avg Cap Rate

5.5%

Median Price

$415K

Property Tax

0.8%

Vacancy Rate

6.9%

Local Factors

-No state income tax, no capital gains tax, no estate tax — rental income taxed at federal level only
-Homestead exemption ~$51K (owner-occupied only, does NOT apply to investment properties)
-Investment properties capped at 10% annual assessed value increase (vs 3% for homestead)
-Hurricane impact windows/shutters required in High-Velocity Hurricane Zones (Miami-Dade, Broward) — $8K–$25K installed, but can reduce insurance 15–45%
-Flood insurance required in FEMA Special Flood Hazard Areas (avg $878/yr, high-risk zones $2,200+)
-Landlord/dwelling insurance avg ~$3,815/yr — roughly 2x the national average
-Vacancy rates rising statewide (6.9%, up from 5.8%) — supply glut in some metros (Tampa 10.3%)
-No rent control statewide — landlords can set market rates

Sources

Tax Foundation — FL Effective Property Tax Rate 2025 Insurify — FL Landlord Insurance 2025 Florida Realtors — 2025 Year-End Housing Data FLA Landlord — FL Rental Market & Vacancy 2026 Largo Capital — FL Cap Rates Q2 2025 FEMA — Flood Insurance Risk Rating

Effective Housing Cost

$130

Excellent

Monthly Mortgage$2,623

Monthly Expenses$1,045

Total Monthly Cost$3,668

Rental Income− $3,538

Cost Coverage96.5%

Annual Savings vs. Rent$21,243

Cash on Cash Return-7.5%

Who Covers Your Costs

Rental Income$3,538

Your Cost$130

What does this mean?

Your effective housing cost is extremely low. You're paying a fraction of what you'd normally spend on rent or a mortgage, and your tenants are covering the bulk of your costs.

Keep running the numbers

One calculator rarely tells the whole story.

House hacking in Florida 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.

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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