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Lease
Purchase Solutions
Gar C. May Broker/Realtor® |
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Rent
vs Buy Calculator |
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Compare the costs of renting a residence and
buying a San Diego home
By calculating the gain or loss
achieved by purchasing a property instead of renting
it, the Rent vs. Buy Calculator helps determine the
net investment value of the purchase. Net investment
value is given as the sum of the rental value of a
property plus its appreciation minus the cost of
purchasing the property plus the annualized cost of
selling it. This is simply a "quick and
dirty" way of looking at the rent vs. buy
decision.
Enter estimated Rent, Home Purchase,
and Financial Information. This calculator analyzes
the total cost to rent versus the total cost to own.
To estimate taxes, insurance, and maintenance, select
appropriate box. Estimate real estate taxes to be 1.2%
of purchase price. Not all calculated values are
displayed. Home appreciation and rent increase values
vary by area.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or
it's applicability to your financial situation. Please consult your own financial advisor.
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Look at the chart below to see how much rent money you will "throw
away" during different rental terms...
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MONTHLY
RENT |
$750. |
$900. |
$1,050. |
$1,200. |
$1,500. |
$1,800. |
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AFTER
1 YEAR |
$9,000. |
$10,800. |
$12,600. |
$14,400. |
$18,000. |
$21,600. |
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AFTER
5 YEARS |
$45,000. |
$54,000. |
$63,000. |
$72,000. |
$90,000. |
$108,000. |
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AFTER
10 YEARS |
$90,000. |
$108,000. |
$126,000. |
$144,000. |
$180,000. |
$216,000. |
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Look
At All
Those
Wasted Rent Dollar$!!!
You could have BOUGHT a house
with ALL THAT MONEY!!!
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©
Lease Purchase Solutions, LTD, 2004, 2005
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