So really when does it make more sense to own verse rent? As you might guess there’s no one rule that works for everyone, but one indicator might be the price-to-rent ratio. What’s that? Basically take the purchase price of a property and divide it by the annual cost to rent, if that number is less than 20 then possibly owning makes more sense. This condo is listed at $112,500 and rent in Lebanon for a 2 bedroom condo run $1,100 per month or $13,200 per year making this ratio 8.5%, well below the widely accepted ratio range of 10% to 14%.
For more information contact Shane
603-252-6757
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