House-Hacking Deal of the YEAR

+ STATS

Author

Robyn Miller
May 15, 2025

Hello RMP Friends!!

For all my Moma friends, I hope you had a wonderful Mother’s Day weekend❤️ 
We actually had a pretty chill Sunday, but Saturday was WILD! My middle little performed in the Jr. Lilac Parade downtown and they actually won the “sweepstakes”, which means they get to perform in the Torch Light Parade this weekend with all the Lilac Beauties! Hopefully we won’t get rained out, but I’m not holding my breathe LOL- anyone else have a kiddo or grandbaby in the Jr. Parade last weekend? It was so nice and hot downtown and I love seeing all the people celebrating our next generations 😀 

Now, let’s get down to business! I ran across this listing last week (it’s not mine), but I have pitched it to several people now as a house-hacking option.
I really want to bring a buyer who wants to start building their wealth, rental portfolio &/or get into their new HOME!
Details; Duplex- listed in North Spokane, each side is 2 bedrooms & 1 bathroom. It’s all brick (low maintenance) & rents are currently at $2650/month. The best part is it’s listed at $375k- which is INSANE for a rental property!
Here is a breakdown of numbers if you were going to house-hack =>
3%- 5% down = $11,250- $18,750 DOWN Payment
6.625%- 6.75% interest rate
$267/month in taxes
$150/month in homeowner’s insurance
$150-$175/month in PMI
Principle & Interest assuming 5% down with a 6.75% rate = $2311
Add in the 3 “extras” - $567 (+2311) = $2,878 TOTAL monthly payment per month*

Now imagine you live in one side, your tenant lives in the other and is paying $1300/month in rent. Your total out of pocket for your mortgage on your new duplex is $1578! That’s less than most people are paying in rent AND you own this property 🥳🎉
»»» Want the address or more details? REPLY right now! Let’s get you in there ;)

STATS!

People keep saying this market is getting weird, but I feel like it’s been weird for years 😂
Even though it feels weird to me, it seems to be humming along without a lot of ebbs and flows at this point- closed sales are down (by less than 1%), and average sales price is flat compared to last year. Months of inventory are hanging out in the 2+ month range.
What I will say for sure is that buyers are in a great position of being able to negotiate seller concessions ($$ they get from the sellers to put towards their loan costs/fees) & sellers are needing to be very strategic about their pricing and getting their homes ready for market! Don’t be shy about asking for recommendations WELL in advance of when you think you’ll be selling. I have gone on loads consultation meetings in the past 3-4 months for people who are not even going to sell until next spring and guess what?
I LOVE IT! When my clients reach out with plenty of time to spare, that makes me feel good for being able to help early and it makes them feel good for not feeling the stressful rush that comes when you don’t give yourself enough time at the end. ALWAYS CALL!
This early planning also goes for my BUYERS ~ talk to your loan officer early and often. Don’t have one yet? Holler ~ I have a couple who I truly trust with the process and am more than happy to send along their contact details to you.

Until next time my friends ~ CALL/TEXT/EMAIL anytime,

~Robyn

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509-294-2709 | [email protected]

*All numbers are based on estimates for date 5/14/25