buy vs rent

Purchase Price: $575,000 

Downpayment(20%): $115,000 

Mortgage: $460,000 

Interest Rate: 3.60% 

Mortgage: $2,091

Property Tax: $575

HOA: $441

Electricity $50

Gas $25

Internet $0

TOTAL: $3,182/mo

vs

Rent: $3,200/mp

potential EFFECT ON NET-WORTH

Depreciation:$10,000 

Mortgage Interest:$15,265 

Tax Rate:35% 

Tax Savings:$8,843 

Principal Reduction:$8,444 

Appreciation (2%):$11,000 

Increase in NW/ Yr $28,287 

Palari Management Inc | Palari Construction Inc | Palari LLC

CSLB License #: 1059416

DRE: 01999884 | Equity Real Estate

310-461-8181

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