The average Des Moines renter pays about $675 per month in rent for a two bedroom unit. Over the course a year that's $8,100, and over the course 5 years that's a total of $40,500! That monthly rent payment is what we call LOM (Lost Opportunity Money). LOM is money paid that can never be retrieved or made back.
How much are you paying in rent?
| Monthly Rent | 3 Years | 10 Years | 15 Years | 20 Years |
|---|---|---|---|---|
| $400 | $14,400 | $48,000 | $72,000 | $144,000 |
| $500 | $18,000 | $60,000 | $90,000 | $180,000 |
| $600 | $21,600 | $72,000 | $108,000 | $216,000 |
| $700 | $25,200 | $84,000 | $126,000 | $252,000 |
| $800 | $28,800 | $96,000 | $144,000 | $288,000 |
| $900 | $32,400 | $108,000 | $162,000 | $324,000 |
| $1,000 | $36,000 | $120,000 | $180,000 | $360,000 |
| $1,200 | $43,000 | $144,000 | $216,000 | $432,000 |
**Figures are based on a 30 year mortgage and can vary from property to property and loan to loan**
RE/MAX Real Estate Concepts
3125 Douglas Ave * Des Moines, IA * 50310
Office Phone: 515-334-7480 * Fax: 866-399-8040
Email Me: laura@slavin4you.com