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House Hack Calculator

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Utah House Hack Calculator

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

Monthly Rental Income$3,052

Operating Expenses(Utah defaults)

Total Monthly Expenses$762

Rent Comparison

Monthly Savings vs. Renting$430

Utah Market Context

Avg Cap Rate

4.5%

Median Price

$548K

Property Tax

0.45%

Vacancy Rate

4.8%

Local Factors

  • -Salt Lake City and Provo have strong tech sector growth (Silicon Slopes)
  • -Low property taxes and insurance keep holding costs down
  • -High home prices relative to rents compress cap rates

Sources

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

Effective Housing Cost

$1,173

Moderate
Monthly Mortgage$3,464
Monthly Expenses$762
Total Monthly Cost$4,225
Rental Income− $3,052
Cost Coverage72.2%
Annual Savings vs. Rent$5,157
Cash on Cash Return-51.4%

Who Covers Your Costs

COVERAGE72%
Rental Income$3,052
Your Cost$1,173

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 Utah 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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