HOUSE HACK #1

Purchase price: $267,500

After-repair value: $415,000

Cash invested: $55,000 (10% down payment and rest rehab) 

Monthly cashflow: +$1,130

CoC Return: 24.65%

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My 1st house hack was this single-family 3 bed/2bath + office (4th bed) home in Northeast Austin. I'm lived in front office and rented out the other three rooms to completely cover my housing expenses. Property went through a full cosmetic rehab for 2 months for a total renovation cost of $23.7k. Now that I moved out, I am renting out all 4 bedrooms individually as a coliving house.