Key Metrics Comparison
| Metric | Buy | Rent |
|---|---|---|
| Avg Price | $929.7k | $2.9k/mo |
| Price-to-Rent Ratio | 26.6years of rent | |
Interactive calculator comparing renting and buying in Garðabær, Iceland.
| Metric | Buy | Rent |
|---|---|---|
| Avg Price | $929.7k | $2.9k/mo |
| Price-to-Rent Ratio | 26.6years of rent | |
| Monthly Payment | $4.7kat 6.5%, 20% down | $2.9k |
| Break-Even Horizon | 1 year | |
| Est. Buy-to-Let ROI | 3.8% | |
Adjust the numbers to match your situation and see how buying compares to renting over time.
Monthly Mortgage
$4,701
Home Value After 10 Years
$1,249,379
Break-Even
1 year
Buying is cheaper by $217,806 over this period.
This is an estimate. Consult a financial advisor before making any real estate decision.
$794,205 · 124 m² · 4 rooms
$4,340 · 160 m² · 6 rooms
