|
ESTIMATED ANNUAL
SAVINGS $8,817
RENTING
VS BUILDING
| |
Rent |
Build |
|
| RENT AND FEES |
$16,337 |
0 |
|
| MORTGAGE PMTS |
0 |
0 |
|
| PROPERTY TAXES |
0 |
0 |
|
| PROPERTY/LIABILITY
INSURANCE |
$60 |
$1,000 |
|
| UTILITIES (TEL/ELEC) |
$4,000 |
$4,480 |
(Addition of water) |
| MAINTENANCE
|
$300 P/Y |
$300 |
|
| RESERVES |
0 |
$1,000 * |
|
| TAX SAVINGS |
0 |
0 |
|
| LOST INTEREST
(ESTIMATE) |
|
$5,100 |
(on $170,000) |
|
ANNUAL COST
|
$20,697 |
$11,880 |
|
|
SAVINGS |
$8,817.00 |
|
* AMOUNT PUT ASIDE ANNUALLY FOR FUTURE MAINTENANCE |