test 2
66 Safford Street
This looks like a strong decision at your assumptions. Owning would cost no more per month than renting a comparable home.
Monthly cost
$3,429
All-in, including reserves
Cash needed
$110,000
To close and move in
10-year net worth impact
$282.88K
Buying vs investing the same cash
Break-even year
Year 4
When buying pulls ahead
After rental income, living here would cost about $1,179 per month — roughly $1,121 less than renting.
What's working
- Owning would cost no more per month than renting a comparable home.
- Rental income covers more than half of the total monthly cost.
- Buying projects roughly $283k more net worth than investing the same cash over 10 years.
- Buying pulls ahead of investing by year 4.
Conditions for success
- House-hack math depends on the rented unit(s) staying occupied at market rent.