House Hack Analyzer
Live in one unit, rent the others — and let your tenants pay down your mortgage. This analyzer shows your real monthly housing cost after rental income, how it compares to renting, and what the property yields if you ever move out.
House hacking is one of the fastest ways for a new landlord to get started — you buy with owner-occupant financing (lower rate, lower down payment), get hands-on landlord experience, and slash your housing cost at the same time. But the math isn't always obvious. This analyzer puts it all in one place so you can see whether a specific property actually works before you make an offer.
What it calculates
How it works
- Enter the purchase price, down payment percentage, rate, and term — the P&I payment calculates automatically
- Add monthly taxes, insurance, and PMI (if applicable) to get your full PITI
- Enter the number of rental units, average rent per unit, and vacancy rate
- Add annual operating expenses for the rental units
- The Results section shows your effective housing cost, savings vs. renting, and a full-rental scenario if you ever move out
What's included
- House Hack Analyzer Excel workbook (.xlsx)
- Analyzer tab with purchase, housing cost, rental income, and results sections
- Automatic P&I calculation — enter rate and term, payment calculates instantly
- Effective housing cost comparison vs. market rent
- Full-rental scenario showing cash flow if you move out later
- How It Works tab covering FHA, conventional, VA, and USDA financing options
- Lifetime minor updates included
- Immediate download after purchase
FAQ
What property types work for house hacking?
2–4 unit properties are ideal — they qualify for owner-occupant financing (FHA at 3.5% down, conventional at 5–20%, VA at 0% for veterans) while giving you multiple rental units. Single-family with a basement or ADU also works but typically yields less rental income.
What's "effective housing cost"?
It's your full monthly housing payment (principal, interest, taxes, insurance) minus the net rental income from your tenants. If it's zero, you're living free. If it's negative, you're cash-flowing while living there. If it's positive, you're still paying less than you'd pay to rent a comparable place outright.
What happens if I move out later?
The analyzer includes a "If You Moved Out" section that estimates cash flow when your unit is also rented. Many landlords house-hack their first property for 1–2 years, then move out and repeat the process at a new property — using each one as a stepping stone.
Is this a subscription?
No. One-time purchase, lifetime minor updates included.