House Hack Analyzer (SFR, Duplex, triplex, and Quadruplex)
- Tab 1 - Househack analysis
- Shows cash required for the househack loan approval
- Shows an actual net cash saving or cash outflow from house hacking
- Automatically calculates the expense allocation percentage based on the type of the house
- For a single-family house hack, the analysis factors in percentage allocation based on rooms rented or square foot
- Shows before and after-tax flow and actual tax saving from the investment, if any
- Factors in actual depreciation calculated in the depreciation schedule
- Factors in additional depreciation for capital improvements (rehab)
- Factors in actual interest expense deduction from the loan amortization schedule
- Tab 2 - Five-year forecast of the property
- Shows five-year projections with the user input expected growth rate for rent, expense, and property value
- Shows gain and tax implications if sold within five years
- Shows actual cash flow after paying off the remaining mortgage balance
- Tab 3 - Determine the depreciable basis of the property by categorizing expenses from the closing statement
- Categories cost from the closing statement to properly calculate depreciable basis
- Allocates purchase price to land and building
- Calculates amortization of the loan cost that is not deductible or capitalizable
- Determines the depreciable cost of rehab after deducting deductible repairs
- Incorporates personal expenses that are incurred to acquire the property
- Tab 4 - Depreciation schedule of the property
- Tab 5 - Deprecation schedule of the capital improvements
- Tab 6 - Loan Amortization Schedule
