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Washington House Hack Calculator

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

Monthly Rental Income$3,803

Operating Expenses(Washington defaults)

Total Monthly Expenses$965

Rent Comparison

Monthly Savings vs. Renting$879

Washington Market Context

Avg Cap Rate

4.5%

Median Price

$630K

Property Tax

0.74%

Vacancy Rate

6%

Local Factors

  • -No state income tax benefits investor net returns
  • -Seattle metro is driven by tech (Amazon, Microsoft) with high rents but high prices
  • -New landlord-tenant laws have increased tenant protections and eviction timelines

Effective Housing Cost

$1,144

Moderate
Monthly Mortgage$3,982
Monthly Expenses$965
Total Monthly Cost$4,947
Rental Income− $3,803
Cost Coverage76.9%
Annual Savings vs. Rent$10,554
Cash on Cash Return-43.6%

Who Covers Your Costs

COVERAGE77%
Rental Income$3,803
Your Cost$1,144

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.

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