You need to compare the cost

[noone]

You need to compare the cost of purchasing vs. the cost of renting. If you buy now, no one can really say what you will be able to sell it for in 5 years. But for the sake of argument, let’s say you sell for the same $200k.

Since you will be buying outright, you won’t be paying interest, but you will need to pay for the following at least:

HOA: $5k ($80/month)
Homeowners Insurance: $2k ($400/year)
Property Taxes: $9k (assuming 20% tax bracket)
Maintenance (plumbing, electrical, appliances, carpeting, etc.): $5k ($1k/year)
Commission when you sell: $12k (6% selling at $200k)

Plus you lose out on any interest income that $200k could be earning if invested elsewhere: $45k (4%/year compound)

Total cost of ownership $78k

Compared to the $80k in rent you estimated, it’s pretty much a wash