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Rent Adds Up and Gives a Tenant NO ROI

Real Estate Agent with KW North Sound 103527

Monthly Rent is a 100% Interest Rate and Gives a Tenant Zero Rate of Return. There is a lot of discussion out there with interest rates rising and home loans becoming unaffordable. Let's break down some math for those of you that are currently renting. If your current lease is $2,400 a month that equates to $28,800 a year you're giving your landlord. A 2 year period that number jumps to $57,600 and in a 5 year period it equates to $144,000 that you never seen any ROI from. And, if you're in your mid 40s and you've rented for 20 years, you've paid out $576,000. So, take a moment and do some math. How much is your rent? How many years you've been renting? And, see what that looks like. And, if you have questions about buying a home and start putting that money in your pocket, because you have a lot of life to live, get a hold of me. I'd be happy to answer any questions you have. Thanks for tuning into this video.

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Mar 01, 2023 03:10 AM
Toby Barnett

Thank you Richard. I find it helpful to start at some basics, and revisit the basics. I still talk to people who think ownership is to far out of reach.

Mar 01, 2023 06:52 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Mar 01, 2023 04:24 AM
Toby Barnett

Thank you for tuning in Joe. Have a great week!

Mar 01, 2023 06:52 AM