Rent vs Buy

When does buying actually win?

Drag the sliders. See your personal break-even year — across 30 years of Miami appreciation, rent growth, and amortization.

Result

In 7 years, buying beats renting by $284K.

Including down payment, closing, taxes, insurance, HOA, maintenance, equity, and home appreciation.

Scenario

Home price$650,000

$200K$3M

Comparable rent / mo$3,800

$1.5K$15K

Down payment20%

3%50%

Mortgage rate6.75%

3%10%

Years staying10 yrs

2y30y

HOA / mo$450

$0$2,500

Assumptions

Home appreciation

Rent growth

If you sell at end

County

After 10 years

$284,000

advantage to buying

Buy$284K

Rent-$420K

Net position over time

Break-even year 7

Buying Renting Break-even

Monthly to buy (yr 1)

$4,820

Monthly to rent (yr 1)

$3,800

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Investment ROI

10-year projection

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Ready-to-Buy Quiz

6 questions