House Hacking Calculator
Calculate how much you can reduce your housing costs by renting out part of your home.
House Hacking Strategy
House hacking is living in your investment property and renting out the other units or rooms. This strategy allows you to dramatically reduce or eliminate your housing costs while building equity.
Property & Financing
FHA: 3.5% for 2-4 units
Monthly Expenses
Rental Setup
Compare to Renting
What you'd pay if renting instead
House Hacking Analysis
Investment Summary
Monthly Cash Flow
🎉 You're living for FREE (or profiting)!
Housing Cost Reduction
Reduction in housing costs
✓ FHA Eligible
This property may qualify for an FHA loan with just 3.5% down, making it more accessible for first-time buyers.
House Hacking Benefits
- ✓ Reduce or eliminate housing costs
- ✓ Build equity while living in the property
- ✓ Qualify for owner-occupied financing (lower down payment)
- ✓ Gain landlord experience with lower risk
- ✓ Tax benefits of property ownership
Getting Started with House Hacking
Property Types
Duplex, triplex, or fourplex (up to 4 units qualifies for residential financing). Or rent out rooms in a single-family home.
FHA Advantage
FHA loans allow you to buy a 2-4 unit property with just 3.5% down, as long as you live in one unit for at least one year.
Build Wealth
Your tenants help pay your mortgage, you build equity faster, and you can move out after a year and keep it as a rental property.