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Rent or Buy? Running the Numbers on 1 BR Condos

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Yesterday we took a look at some 2 bedroom condos that are available both for sale and for rent. Today, with the help of Streeteasy, we're looking at a pair of one bedroom condos and we'll see whether renting or buying is the better choice. There's one condo in West End and another in Southwest and for each we're assuming a 20% down payment and a 4.75% mortgage rate.

? Address: 2425 L Street NW #234
Sale Price: $549,000
Maintenance/Taxes: $389/month
Total monthly costs when buying: $2,186
Rental price: $3,300/month


? Address: 700 7th Street SW #812
Sale Price: $369,900
Maintenance/Taxes: $222/month
Total monthly costs when buying: $1,473
Rental price: $2,695/month