Rent vs Buy Calculator
Buying Scenario
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yrs
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Renting Scenario
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Market Assumptions
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Simplified comparison — tax benefits vary by situation. Consult a CPA and financial advisor for personal guidance.
Example: $575,000 purchase vs $3,200 rent
Buying builds equity but carries HOA, tax, insurance, and closing costs that rent does not.
The break-even year depends heavily on how long you stay and what HOA/insurance do over time in Miami.
Many Miami condo scenarios break even in the mid-to-late single-digit years — run your stay horizon in the tool.
How it works
- Enter home price, down payment, rate, and expected rent.
- Add HOA, taxes, insurance, appreciation, and investment return assumptions.
- Compare cumulative cost and break-even year.