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East Las Vegas 4-Unit House Hack - $769/MONTH TRUE COST LIVING

📍 Address: 4244 Middlesex Ave, Las Vegas, NV 89110
💰 Price: $640,000 ($160,000/unit)
🏠 Property: 4 Units (All 2BR/1BA), 2,896 SF, Built 1983
🏦 House Hack Returns: 170% in 3 Years | True Cost: $769/month

Why This is a Great Investment:

East Las Vegas fourplex with all identical 2BR/1BA units offering nearly free living through house hack strategy. With FHA 3.5% down requiring only $38,400 total cash and monthly out-of-pocket of $1,639, the true cost after equity building ($1,150/month principal), appreciation ($1,600/month), and tax benefits ($600/month) drops to just $769/month for 724 SF 2BR unit. Current rents 20-25% below market ($1,150-$1,175 vs $1,500 market) create systematic rent increase path through natural turnover.

This represents accessible house hacking with rapid equity building and minimal management complexity.

House Hack Analysis (3.5% FHA Down) 📝

Investment Metrics

Purchase Price

$640,000

Down Payment (3.5% FHA)

$22,400

Closing Costs

$16,000

Total Cash Required

$38,400

FHA Rate

5.949%

Monthly P&I + MIP

$3,970

Monthly Economics 🚀

Cash Flow Analysis

Rental Income (3 units)

$3,475

Total Monthly Payment

$5,114

Net Out-of-Pocket

$1,639/month

Market Rent Comparison

$1,400-$1,600

Premium Over Market

$39-$239/month

True Cost Calculation

Apparent Monthly Cost

$1,639

Less Principal Paydown

-$1,150

Less Appreciation (3%)

-$1,600

Less Tax Benefits

-$600

True Monthly Cost

$769

3-Year Wealth Building 💰

Equity Creation Timeline

Initial Investment

$38,400

Year 3 Mortgage Paydown

$45,780

Year 3 Appreciation (3%)

$61,505

Total Year 3 Equity

$103,685

3-Year Return

170%

Rent Optimization Path 📈

Year

Avg Rent/Unit

Total Rent

Out-of-Pocket

Year 1

$1,158

$3,475

$1,639

Year 2

$1,300

$3,900

$1,214

Year 3

$1,500

$4,500

$700

By Year 3: Live for $700/month while building wealth!

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Lafayette Luxury Flip - $197K IN PREMIUM SCHOOL DISTRICT

📍 Address: 927 2nd St, Lafayette, CA 94549
💰 Price: $1,700,000 ($496/SF)
🏠 Property: 6BR/3.5BA, 3,425 SF, Built 1992
🏦 Capital Required: $329,000 | Net Profit: $197,000 | ROI: 59.9% (6mo)

Why This Works at $1.7M:

Lafayette estate in coveted Acalanes Union High School District offering rare 6BR configuration with manageable cosmetic-to-moderate renovation scope. At $1.7M purchase with $240K renovation reaching conservative $2.46M ARV, this demands $329K total invested but delivers $197K profit protected by school district premium. Recent 6BR comps support $699-$763/SF while this targets $718/SF positioning, with families consistently paying premiums to secure Acalanes enrollment.

This represents accessible luxury flip with strong downside protection from location fundamentals.

Hard Money Analysis (10% Down) 📝

Investment Metrics

Purchase Price

$1,700,000

Hard Money Down (10%)

$170,000

Points (2%)

$34,000

Closing Costs

$34,000

Cash to Close

$238,000

Renovation (HM Funded)

$240,000

Holding Costs (6 months)

$91,000

Total Cash Invested

$329,000

Profit Projections 🚀

6-Month Timeline

Conservative ARV

$2,460,000

Total Project Cost

$2,032,000

Selling Costs

$131,000

Hard Money Interest

$100,000

Net Profit

$197,000

ROI

59.9%

Annualized ROI

120%

Renovation Scope 🏗️

Category

Budget

Kitchen & Bath Remodels

$90,000

Interior (paint, floors, fixtures)

$90,000

Exterior (paint, landscaping)

$40,000

Systems & Misc

$20,000

Total Renovation

$240,000

Comps Supporting $2.46M ARV 📊

Address

Price

SF

$/SF

3422 Springhill Rd

$2,700,000

3,860

$699

3574 Brookside Dr

$2,595,000

3,400

$763

982 Moraga Rd

$2,500,000

3,550

$704

Your Property

$2,460,000

3,425

$718

Downside Protection 📉

Sale Price

Net Profit

ROI

$2,350,000

$87,000

26%

$2,400,000

$137,000

42%

$2,460,000

$197,000

60%

Even at $2.35M sale: Still profit $87K (26% ROI)

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