Would you have pulled the trigger?

[an]

[quote=Diego Mamani]Congratulations on your purchase. Before I can comment on whether I’d have pulled the trigger, I’d like to know how much would your new place rent for today? $1500/month?[/quote]
I think it would need to rent for around $2100 in order for it to be at rent parity.

[sdcellar]

Tough to say due to all the variables, but it looks marginal due to your relatively short time horizon of 5 years.

Using the trusty NY Times buy/rent calculator and assuming your place could fetch $2200/mo, it will take 4.5 years for home ownership to come out ahead. This assumes some appreciation in those five years, which could be challenging. At $2400, it’d take 3 years and at $2000, 6.

I’m pretty sure this is one of nicest units available on Friars Road.

[sdcellar]

Tough to say due to all the variables, but it looks marginal due to your relatively short time horizon of 5 years.

Using the trusty NY Times buy/rent calculator and assuming your place could fetch $2200/mo, it will take 4.5 years for home ownership to come out ahead. This assumes some appreciation in those five years, which could be challenging. At $2400, it’d take 3 years and at $2000, 6.

I’m pretty sure this is one of nicest units available on Friars Road.

[sdcellar]

Tough to say due to all the variables, but it looks marginal due to your relatively short time horizon of 5 years.

Using the trusty NY Times buy/rent calculator and assuming your place could fetch $2200/mo, it will take 4.5 years for home ownership to come out ahead. This assumes some appreciation in those five years, which could be challenging. At $2400, it’d take 3 years and at $2000, 6.

I’m pretty sure this is one of nicest units available on Friars Road.

[sdcellar]

Tough to say due to all the variables, but it looks marginal due to your relatively short time horizon of 5 years.

Using the trusty NY Times buy/rent calculator and assuming your place could fetch $2200/mo, it will take 4.5 years for home ownership to come out ahead. This assumes some appreciation in those five years, which could be challenging. At $2400, it’d take 3 years and at $2000, 6.

I’m pretty sure this is one of nicest units available on Friars Road.

[sdcellar]

Tough to say due to all the variables, but it looks marginal due to your relatively short time horizon of 5 years.

Using the trusty NY Times buy/rent calculator and assuming your place could fetch $2200/mo, it will take 4.5 years for home ownership to come out ahead. This assumes some appreciation in those five years, which could be challenging. At $2400, it’d take 3 years and at $2000, 6.

I’m pretty sure this is one of nicest units available on Friars Road.

[DWCAP]

Looks like rentals in this area rents are around 1650-1900/month. I am guessing your place is similar to these two:

$1845/month
1450 Sq Ft
3 bedrooms
2 full baths
2 car garage
http://sandiego.craigslist.org/csd/apa/1331309521.html

$1695
3 bedroom, 3 bathroom
1500 sqft
1 car garage
View
http://sandiego.craigslist.org/csd/apa/1344073820.html

[DWCAP]

Looks like rentals in this area rents are around 1650-1900/month. I am guessing your place is similar to these two:

$1845/month
1450 Sq Ft
3 bedrooms
2 full baths
2 car garage
http://sandiego.craigslist.org/csd/apa/1331309521.html

$1695
3 bedroom, 3 bathroom
1500 sqft
1 car garage
View
http://sandiego.craigslist.org/csd/apa/1344073820.html

[DWCAP]

Looks like rentals in this area rents are around 1650-1900/month. I am guessing your place is similar to these two:

$1845/month
1450 Sq Ft
3 bedrooms
2 full baths
2 car garage
http://sandiego.craigslist.org/csd/apa/1331309521.html

$1695
3 bedroom, 3 bathroom
1500 sqft
1 car garage
View
http://sandiego.craigslist.org/csd/apa/1344073820.html

[DWCAP]

Looks like rentals in this area rents are around 1650-1900/month. I am guessing your place is similar to these two:

$1845/month
1450 Sq Ft
3 bedrooms
2 full baths
2 car garage
http://sandiego.craigslist.org/csd/apa/1331309521.html

$1695
3 bedroom, 3 bathroom
1500 sqft
1 car garage
View
http://sandiego.craigslist.org/csd/apa/1344073820.html

[DWCAP]

Looks like rentals in this area rents are around 1650-1900/month. I am guessing your place is similar to these two:

$1845/month
1450 Sq Ft
3 bedrooms
2 full baths
2 car garage
http://sandiego.craigslist.org/csd/apa/1331309521.html

$1695
3 bedroom, 3 bathroom
1500 sqft
1 car garage
View
http://sandiego.craigslist.org/csd/apa/1344073820.html

[sdcellar]

At $1800/month, you’re looking at 10 years to break even.

[sdcellar]

At $1800/month, you’re looking at 10 years to break even.

[sdcellar]

At $1800/month, you’re looking at 10 years to break even.

[sdcellar]

At $1800/month, you’re looking at 10 years to break even.

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