Today Cantrell Andrews shares his small multi-family house hacking story from Cape Girardeau, Missouri. 

Want to eliminate your biggest expense through the power of house hacking? What are you waiting for? Learn more in our House Hacking Quick Start Guide. 

House Hacking Case Study

As a full-time real estate investor, Cantrell became interested in the idea of house hacking when he realized that many successful real estate investors got their start this way.

Andrews shares, “I decided to house hack because I realized most successful REI start off house hacking and just work their way up from there. Plus the benefits of owning a property, its real-life monopoly. I want to break generational curses and show my generation and younger generations that look like me what's possible.”

The House Hack

Cantrell had been combing through Trulia and Zillow listings for awhile when he uncovered a deal on a duplex. Once he found the property, the rest of the process was very smooth. Although the underwriting process took some time, the wait paid off in the end.

Here's a closer look at the property:

house hack

Front of property

house hack

Back of property.

The Updates

The property Cantrell chose was essentially turnkey. He did some minor updates himself.

The Tenants

Cantrell listed the unit on and put up yard signs. With the help of, the application and lease process went very smoothly.

The Numbers of the Deal

It’s time to find out exactly how profitable this house hacking strategy was!


Cantrell used an FHA loan to put down $3,500 on a $100,000 property. Overall, his monthly mortgage payment is $600. 

Rental Income

Cantrell listed the unit for $550.

  • Gross Rent: $550
  • Mortgage payment: $600
  • Cashflow before maintenance and vacancies: -$50
  • Housing costs before house hacking: $500
  • Total housing savings: $450

Although the cashflow of the property is slightly negative, it is still a very good deal. Cantrell is able to live for almost free while building equity in a property.

Want someone else to pay your mortgage? Dive into housing hacking with our House Hacking Quick Start Guide. 

The Learning Curve: Cantrell's House Hack

Looking back, Cantrell wouldn't change anything. The deal worked out very well. With the reduced housing costs, Cantrell is able to save more income and build a down payment for another multi-family property in the future.

He recommends, “Do your DUE DILIGENCE! Study, study, study! Study your market and your market numbers. Good deals aren't found they are created. You have to know exactly what you are looking for. Have your criteria written down. Know what you want your ROI to be and your cash on cash return. Understand your numbers to a T. Also make sure you have money on reserve for FHA and good credit. Make sure your ducks are in a row before you go looking for properties. Go to banks and see what they offer on FHA loans or any government loans.”

Cantrell also recommends that you “have mentorship and guidance in the process. Use wise council.”

All in all, Cantrell would definitely house hack again.

Want to take action? Dive into this life-changing strategy with our House Hacking Quick Start Guide. 

How to Connect

Want to learn more about Cantrell's story? You can connect on Instagram or Facebook.

The Bottom Line

House hacking can help anyone achieve their financial goals. How would house hacking change your life?

If you are interested in creating your own house hacking story, check out our ultimate guide, listen to our house hacking podcast, or read more case studies for inspiration. You never know how dramatically your life can change through this one choice!

If you choose to pursue a house hack of your own, please share your story with us! We would love to showcase your success.