|
Renting vs. Owning
assuming inflation & appreciation @ 4% - all figures rounded to nearest dollar.
|
|
You worked hard for you money! Why let someone else get rich with it?
|
|
Current Years Rent
per month
|
2nd years
Rent
per month
|
3rd years
Rent
per month
|
4th years
Rent
per month
|
5th years
Rent
per month
|
6th years
Rent
per month
|
7th years
Rent
per month
|
8th years
Rent
per month
|
TOTAL 8
YEAR LOSS
|
|
$500
|
$520
|
$541
|
$563
|
$586
|
$609
|
$633
|
$658
|
$55,302
|
|
$550
|
$572
|
$595
|
$619
|
$644
|
$670
|
$697
|
$725
|
$60,864
|
|
$600
|
$624
|
$649
|
$675
|
$702
|
$730
|
$759
|
$790
|
$66,348
|
|
$650
|
$676
|
$703
|
$731
|
$760
|
$791
|
$822
|
$855
|
$71,856
|
|
$700
|
$728
|
$757
|
$787
|
$819
|
$852
|
$886
|
$921
|
$77,400
|
|
$750
|
$780
|
$811
|
$844
|
$877
|
$912
|
$949
|
$987
|
$82,920
|
|
$800
|
$832
|
$865
|
$900
|
$936
|
$973
|
$1,012
|
$1,052
|
$88,440
|
|
$850
|
$884
|
$919
|
$956
|
$994
|
$1,034
|
$1,076
|
$1,119
|
$93,984
|
|
$900
|
$936
|
$973
|
$1,012
|
$1,053
|
$1,095
|
$1,139
|
$1,184
|
$99,504
|
|
$950
|
$988
|
$1,028
|
$1,069
|
$1,111
|
$1,156
|
$1,202
|
$1,250
|
$105,048
|
|
$1,000
|
$1,040
|
$1,082
|
$1,125
|
$1,170
|
$1,217
|
$1,266
|
$1,317
|
$110,604
|
|
|
|
Present
Home Value
|
Value in
1 year
|
Value in
2 years
|
Value in
3 years
|
Value in
4 years
|
Value in
5 years
|
Value in
6 years
|
Value in
7 years
|
TOTAL
8 YEAR
APPRE-CIATION
|
|
$70,000
|
$72,800
|
$75,712
|
$78,740
|
$81,890
|
$85,166
|
$88,572
|
$92,115
|
$22,115
|
|
$80,000
|
$83,200
|
$86,528
|
$89,989
|
$93,589
|
$97,332
|
$101,225
|
$105,275
|
$25,275
|
|
$90,000
|
$93,600
|
$97,344
|
$101,238
|
$105,287
|
$109,499
|
$113,879
|
$118,434
|
$28,434
|
|
$100,000
|
$104,000
|
$108,160
|
$112,486
|
$116,986
|
$121,665
|
$126,532
|
$131,593
|
$31,593
|
|
$110,000
|
$114,400
|
$118,976
|
$123,735
|
$128,684
|
$133,832
|
$139,185
|
$144,752
|
$34,752
|
|
$120,000
|
$124,800
|
$129,792
|
$134,983
|
$140,383
|
$145,998
|
$151,838
|
$157,912
|
$37,912
|
|
$130,000
|
$135,200
|
$140,608
|
$146,232
|
$152,082
|
$158,165
|
$164,491
|
$171,071
|
$41,071
|
|
$140,000
|
$145,600
|
$151,424
|
$157,481
|
$163,780
|
$170,331
|
$177,145
|
$184,230
|
$44,230
|
|
$150,000
|
$156,000
|
$162,240
|
$168,730
|
$175,479
|
$182,498
|
$189,798
|
$197,390
|
$47,390
|
|
$160,000
|
$166,400
|
$173,056
|
$179,978
|
$187,177
|
$194,664
|
$202,451
|
$210,549
|
$50,549
|
|
$170,000
|
$176,800
|
$183,872
|
$191,227
|
$198,876
|
$206,831
|
$215,104
|
$223,708
|
$53,708
|
|
|
|
