home buying

When considering buying rental properties, calculate the net operating income, Return on Investment (ROI) and Internal Rate of Return (IRR). You should also compare the investment to the opportunity costs, such as stock returns.

House hacking is the act of generating income from your real estate property while living in it by renting out a part of the home you live in, or renting out units of a multi-family unit while living in one of them.

A person with a salary of $60,000 can be eligible for a home value between $180,000 and $262,000.

A person with a salary of $80,000 can be eligible for a home value between $233,000 and $340,000.

A person with a salary of $100,000 can be eligible for a home value between $288,000 and $420,000. The exact home value depends on your lifestyle, interest rates, credit scrore and down payment.

A person with a salary of $200,000 can be eligible for a home value between $550,000 and $800,000. However, it is important to understand your full financial situation before deciding how much house to buy.

While thinking about how much house you can afford, consider factors such as debt-to-income ratios, down payment, interest rates, property tax and your lifestyle and expenses.

Home affordability depends on Debt-to-Income ratios, down payment, budget, lifestyle and goals.