Steven Carter 303-441-5613 Email Steven
Purchase a Property While Your Child Attends CU Boulder's Off-Campus Housing Sales Expert

Rent vs. Buy


Below you will find a very simplified Rent vs. Buy anaysis for illustration purposes only. 

Each buyer has different needs in terms of type of property (house/condo) age, location, bedrooms, baths, price, financing costs, etc. 

In order to customize a Rent vs. Buy analysis for your situation, please contact me using the form below or call 303-441-5613 or email me at scarter@remax.net.  After a 10-25 minute conversation, I will have enough information about your needs to generate a specific report for you.

I would love the chance to discuss why purchasing a property makes so much sense.

Steve Carter, RE/MAX of Boulder

303-441-5613 Office                              
303-931-4812 Cell
scarter@remax.net

 

 

RENTING (Cumulative) Monthly YEAR 1 YEAR 2 YEAR 3 YEAR 4
Older Unit @$850 + $25 Annual Incr. 850 10200 20700 31500 42600
New Unit @1,400 + $50 Annual Incr. 1400 16800 34200 52200 70800
           
PURSHASE (with all cash)          
Purchase Price 350,000        
Purchasing Costs (Cash) 1,500        
Total Cost to Purchase 351,500        
           
INCOME   YEAR 1 YEAR 2 YEAR 3 YEAR 4
Room Rental/mo   850 875 900 925
Annual Rental Income   10,200 10,500 10,800 11,100
           
EXPENSES          
Annual Property Taxes   1,300 1,350 1,400 1,450
 HOA Fees Annual   3,600 3,780 3,969 4,163
Annual Opering Costs   4,900 5,130 5,369 5,613
           
CASH FLOW PER YEAR (+/-)   5,300 5,370 5,431 5,487
           
APPRECIATION (Example)          
5% Annual Appreciation 350,000 367,500 385,875 405,169 425,427
           
10% Annual Appreciation 350,000 385,000 423,500 465,850 512,435
           
15% Annual Appreciation 350,000 402,500 462,875 532,306 612,152

 


 

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