Northglenn House Hack with a Separate Mother-in-law Suite

•August 30, 2023

Northglenn House Hack with a Separate Mother-in-law Suite

High interest rates are making house hacks harder to find, but they still exist! Here is a house hack we found right off the MLS.

North Denver House Hack with Separate Mother-in-Law

This property was recently remodeled with a separate basement mother-in-law suite perfect for a short term or mid-term rental. To maximize rental income we recommend operating as a short term rental during the busier summer months and mid-term rent to traveling professionals during the slower traveling months

Mid-term rental estimates are $2,550 per month. AirDNA shows over $3,000 per month.

About the property

6 bedroom/ 2 bath single family home
- Main Floor= 3 bed/ 1 bath
- Basement Mother-in-law= 3 bed/ 1 bath
Private entrance to basement through the garage
Recently remodeled

Why I like it

High bedroom count
Low price point
Low renovations needed

Potential Renovations

2 egress windows for basement rooms
Additional guest parking space
Backyard landscaping and grass treatment

How do the numbers look at 7% interest rate?

What if you refinanced at 5% interest rate?

Property Highlights

Main level kitchen and living area

Main level kitchen and living area

Want to learn more?

Reach out to our team here to learn more about this and other house hacking opportunities we are seeing!

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Authors

Ben Einspahr

Ben Einspahr is the House Hacking & AirBnB Specialist at Envision Advisors. He helps clients implement strategies that generate above average income from their properties in Denver, where cashflow is getting harder and harder to find. He’s an investor himself, and for the past several years he’s been building his portfolio both in and out of state. He has 3 properties which he’s used to replace his w-2 income. It just goes to show how the number of doors matters so much less than the cashflow that each one produces!

North Denver House Hack with Separate Mother-in-Law

How do the numbers look at 7% interest rate?

What if you refinanced at 5% interest rate?

Property Highlights

Want to learn more?

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