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Kansas House Hack Calculator

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

Monthly Rental Income$2,490

Operating Expenses(Kansas defaults)

Total Monthly Expenses$1,097

Rent Comparison

Monthly Savings vs. Renting$946

Kansas Market Context

Avg Cap Rate

6.8%

Median Price

$279K

Property Tax

1.2%

Vacancy Rate

5.4%

Local Factors

  • -Very high insurance costs due to tornado and hail exposure
  • -Kansas City metro (straddling KS/MO border) is the primary rental demand driver
  • -Military installations (Fort Riley, Fort Leavenworth) create stable rental demand

Effective Housing Cost

$370

Excellent
Monthly Mortgage$1,763
Monthly Expenses$1,097
Total Monthly Cost$2,860
Rental Income− $2,490
Cost Coverage87.1%
Annual Savings vs. Rent$11,348
Cash on Cash Return-31.9%

Who Covers Your Costs

COVERAGE87%
Rental Income$2,490
Your Cost$370

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.

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