Use our interactive calculator to decide whether selling today and reinvesting your proceeds or holding your property as an investment makes more financial sense.
Closing costs for buyers in NYC typically range from 2% to 5% of the purchase price. Co-ops usually fall on the lower end, while condos and townhouses—especially when financing—tend to have higher closing costs due to mortgage recording tax and title insurance. For new developments, additional fees like transfer taxes and sponsor attorney fees may apply. You can also use our buy-side closing costs calculator HERE.
The calculator projects the net present value (NPV) of each option (renting vs. selling), based on your assumptions for market returns, appreciation, and costs. This way you can compare today’s dollar value of both choices over your chosen timeframe.
This typically reflects how many years it takes for the wealth built from renting (including net cash flow and appreciation) to match what you’d have if you’d sold now and reinvested the proceeds. This gives a clearer sense of when renting might outperform selling financially.
Our Rent vs. Sell Calculator compares the potential financial outcome of holding your property as a rental versus selling it and investing the proceeds elsewhere. Enter your property details, selling costs, rental assumptions to project cash flow, equity growth, and after-fee proceeds, so you can make a clearer decision.
