VS Own Rent Assumptions Rent - $4,000/month Increases -4% / year Terms - 4 years Gross Lease Assumptions Purchase Price - $300,000 Property Value - Increases - 4% / year Down Payment -20% Interest Rate -7% Term -25 Year Fixed Operating Expenses (Increases 4% / year) Maintenance - $2,500 Insurance - $2,500 Taxes - 3% of property value Selling Cost - 7% of property value year 4 Question: What would you do in Year 4 - Rent or Own