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Rent or Buy? Running the Numbers on Three 1 BR Condos

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The folks at StreetEasy sent us some data on condos in the District that are up for both sale and rent. The three condos this week are in West End, Southwest DC and Dupont Circle. The data that we have assumes 20% down payment and a a 4.75% mortgage rate.

? Address: 1155 23rd Street NW #3L
Sale Price: $675,000
Maintenance/Taxes: $408/month
Total monthly costs when buying: $2,594
Rental price: $4,750/month


? Address: 700 7th Street SW #812
Sale Price: $369,900
Maintenance/Taxes: $222/month
Total monthly costs when buying: $1,421
Rental price: $2,695/month


? Address: 1704 T Street NW #103
Sale Price: $369,700
Maintenance/Taxes: $243/month
Total monthly costs when buying: $1,421
Rental price: $2,450/month