We bought right before COVID, at around 500K, 20% down, 2.8% interest. Basically we got lucky with very good timing.
Now it's time to sell, probably a little below 700K or so. A decent 40% increase.
However, if I include made costs for maintenance, taxes, some minor improvements, interest, and realtor fees our profit on the 100K down payment is not great. Basically it would've been the same or better had we put the 100K in an SP500 index fund and rented an equivalent house. Probably much less maintenance work and better cashflow as well.
I'm somewhat surprised given the good timing we had, I guess it's even more difficult nowadays.
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source https://www.reddit.com/r/RealEstate/comments/1l25ufq/renting_wouldve_been_financially_better_in/
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