This week we decided to try out StreetEasy's rent vs. buy tool on some two bedroom condos in the same building in Southwest D.C. The prices listed for assume 20% down payment and a 4.75% mortgage rate. Would you try to rent the condo in #324 or buy one of the condos at #626-628?
Address: 700 7th Street SW #626-628 [Sale]
700 7th Street SW #324 [Rent]
Sale Price: $700,000
Total monthly costs when buying: $2,921
Rental price: $2,350/month