Investors

House Hacking Calculator

Rent out rooms or units to slash — or eliminate — your housing cost. See your effective payment and how it compares to renting.

The Property

Purchase Price

Down Payment

Interest Rate

Loan Term (years)

Property Tax (of price/yr)

Insurance (per year)

HOA (per month)

Maintenance (per month)

The Hack

Rental Income (rooms/units)

What You'd Pay to Rent

Your Effective Monthly Housing Cost

$1,407

Out of pocket after collecting $2,200 in rent.

Rent covers 61% of your costs

Monthly Breakdown

Mortgage (P&I)$2,844

Property Tax$413

Insurance$200

Maintenance Reserve$150

Total Monthly Cost$3,607

Less: Rental Income−$2,200

Your Effective Cost$1,407

You save $893/mo vs. renting

That's $10,720/year saved — before factoring in equity build-up, appreciation, and tax benefits of owning.

Want to house hack in South Florida?

We'll find multi-unit and room-rentable properties that fit your numbers.

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Estimates for educational purposes only. Rental income, local rents, and operating costs vary. Owner-occupant financing (FHA/conventional) has occupancy requirements. Not financial advice.

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