Hi fellow mustachians

We're looking to buy a house that can be divided into an upstairs/downstairs arrangement. We'll rent out the downstairs and live upstairs.

Here's the figures:

House cost: $750,000

Mortgage required: $187,000

Term: 30 or 20 years

Fixed interest: 5.25% with ability add up to 500 more each fortnight (fixed)

Annual salary: 44,590

Passive income: 20,000

Total: 64,590

Additional payments to mortgage: 7,800

Annual expenses: 23,000

Total: 27,800

Residual income: 36,790

Rental income: 360 - 400 per week

We'll use the rent to pay the mortgage, the passive income to pay the expenses and the salary to top up the expenses, top up the principal payments and invest the rest.

Does this sound OK? I've gone over and over it in my head and just need an external perspective now.

Accrued thanks to you!