LAKE WYLIE
1 Executive Court
Lake Wylie, SC 29710 |
Phone:
Toll Free:
Fax: |
803.831.2241
800.545.3342
803.831.8299
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FORT MILL / TEGA CAY
2222 Gold Hill Road
Fort Mill, SC 29708 |
Phone:
Toll Free:
Fax: |
803.802.0131
877.751.0131
803.548.1720 |
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CHARLOTTE
11040 S. Tryon Street, Suite 202
Charlotte, NC 28273 |
Phone:
Toll Free:
Fax: |
704.248.3500
800.943.7682
704.248.3501 |
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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!
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