Ok, let us break this down

[Anonymous]

Ok, let us break this down with simple math.

 Calculating with a 20% increase in 5 years. Buy and sell in 5 years$485k * 120% = $582k   New home value$582k * 6%    = $35k    Realtor fees to sell$582k – $35k  = $547k   $547k – $485k = $62k    ProfitThis is only mortgage not HOA, Property tax…and other fee/maintenance Rent for 5 years$3500 – $2500 = $1000$1000 * 60 mth= $60k    Not including interest 

Purchasing this house has to help your psychological well being to be a good deal because it is a lot of risk and you will most likely come out negative.