Bought a 3 bedroom house and don't want flatmates anymore
Early 30s single. Bought the house in auckland beginning of 2024. Did a major reno (~$40k not sure if relevant here), $530k mortgage left
There have been dramas between the 2 flatmates (they bring in total $365pw) and I’m seriously sick of it, plus have been feeling im subsidizing them on electricity through splitting (have looked at the data, it’s really not me)
Been considering renting the whole house to others and me moving somewhere else (1bedroom unit or studio) but not sure if this is the right thing to do.
If the house can earn $700pw, it can cover 90% of the mortgage excluding insurance and rates etc. Assume no tax due to interest deductibility?
If I aim to find a place around $400pw including bills to move in, I feel like I will be in a similar financial position as current? Do I miss anything here? Or what would you do?