The Real Cost of Renting

 

Based on a 6% Rental Increase Each Year, If You Now Pay…

.
$600
Month
$700
Month
$800
Month
$900
Month
$1,000
Month
$1,200
Month
$1,400
Month
$1,600
Month
This
Year
$7,200
$8,400
$9,600
$10,800
$12,000
$14,400
$18,800
$19,200
Next
Year
$7,632
$8,904
$10,176
$11,448
$12,720
$15,264
$17,808
$20,352
3rd
Year
$8,090
$9,438
$10,787
$12,135
$13,483
$16,180
$18,876
$21,573
4th
Year
$8,575
$10,005
$11,434
$12,863
$14,292
$17,151
$20,009
$22,868
5th
Year
$9,090
$10,605
$12,120
$13,635
$15,150
$18,180
$21,210
$24,240
6th
Year
$9,635
$11,241
$12,847
$14,453
$16,059
$19,270
$22,482
$25,694
7th
Year
$10,213
$11,916
$13,618
$15,320
$17,022
$20,427
$23,831
$27,236
8th
Year
$10,826
$12,631
$14,435
$16,239
$18,044
$21,652
$25,261
$28,870
9th
Year
$11,476
$13,389
$15,301
$17,214
$19,126
$22,951
$26,777
$30,602
10th
Year
$12,134
$14,192
$16,219
$18,246
$20,274
$24,328
$28,383
$32,438

TOTAL
.
$94,901
$110,721
$126,537
$142,353
$158,170
$189,803
$221,437
$253,073

Think about the home you could have purchased using that money.
Not to mention the potential annual tax deduction for mortgage interest paid!

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither First Properties of the Carolinas nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.