Live in your home. Rent part of it.
Rent rooms, a basement or a separate unit, long term or short term like Airbnb. Simulate early mortgage payoff.
Product demo
A real report on an example home with a rented basement: what the space nets, how much sooner the mortgage could be paid off, and where it leads.
Speed
Product demo showing a homeowner analyzing renting the basement of 812 Walnut St, Cedar Falls, Iowa.
- The homeowner searches for and selects their address.
- They enter the home's value of $285,000, property tax and insurance, and the mortgage: a $202,000 balance at 6.25%.
- They choose the basement as a 1-bedroom long-term rental at $610 a month, within the typical range nearby.
- The report shows net rent after costs of $427 a month.
- Putting half of the net rent toward the mortgage pays it off in 17 years and 3 months, 8 years and 2 months sooner.
- A ten-year projection of net rent, loan paydown and the home's value, followed by a replay of the county's worst downturn on record, 1982 to 1987.
- The report closes with every assumption behind it.
House hack your way toward a paid-off home.
Rent part of your home. The cash flow could shave years off your mortgage.
- You cover every bill.
- A lighter housing cost
- Early mortgage payoff
Simulate early payoff.
Choose how much of the rent goes to the mortgage, and watch your payoff date move.
About this example
A three-bedroom home with $380,000 left on a 6.25% loan. The loan, tax and insurance cost $3,159 a month. Rent a separate unit for $1,500 and the net rent after costs is $1,050, so they cost you $2,109 instead.
Check your homeowner insurance, HOA and local rules on renting part of your home.