House Hack Calculator – Live Free with Rental Income

🏠 House Hack Calculator

See how renting out units in a multi-family property can offset your housing costs — or even put money in your pocket.

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Property Details

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ℹ️ FHA allows 3.5% down on owner-occupied 2-4 units. VA allows 0% down.
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Monthly Costs

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Rental Units

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Your Unit

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Used to estimate your effective housing cost vs renting
Your Effective Housing Cost $0 per month after rental income
Total PITI $0
Rental Income $0
Coverage 0%
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Vs. Renting Comparison

Market Rent $1,800
Your Effective Cost $0
Monthly Difference vs Rent $0
Annual Difference vs Rent $0
This compares your effective housing cost (which includes owner-only maintenance reserve and utilities a renter usually wouldn't pay) against market rent. It does not account for the opportunity cost of your down payment, so treat it as an estimated difference, not guaranteed savings.
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Monthly Breakdown

Expenses

Principal & Interest$0
Property Tax$0
Insurance$0
PMI/MIP$0
Utilities$0
Maintenance Reserve$0
Total Expenses$0

Income

Gross Rental Income$0
Less Vacancy-$0
Net Rental Income$0
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5-Year Wealth Building

Total Savings vs Rent$0
Equity Built$0
Total Wealth Gain$0
Projection assumes 3% annual appreciation and a constant PMI/MIP charge for all 5 years. Conventional PMI typically cancels once you reach ~78-80% loan-to-value, which would lower costs (and raise savings) in later years; FHA MIP is often life-of-loan.
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Pro Tip: FHA loans allow just 3.5% down on 2-4 unit properties if you live in one unit. This is one of the best ways to start investing with little money down.

📋 House Hacking Guide

Get our complete guide to house hacking success.