Good price too and the guy was honest no over inflated claims about lifetime warranties.

I looked up  the inflation rate,  it said that there was about  10% total inflation over that same time frame.  

I certainly wouldn't say I would expect a large amount of inflation in house prices but inventory is low and prices are fairly high (for the area) right now.

I worked for a RM servicer for 6 years and only ran into a handful of cases where there was any equity in the property as a lot of the property values were inflated when the loan was originated. 

So it's about the least important number on the sheet. expenses grow by 2%/yearReasonable, considering the low inflation rate.property tax is 90% of the purchase price multiplied by a local tax rate (usually doubles tax from whatever seller pays)Probably a little aggressive here; talk to a local broker about what they usually see.

R.E. historically appreciates about the same as inflation(3-5%), except when external drivers are in play.

In any case, hopefully a stable neighborhood will keep up with inflation and the value of the home will continue to rise as the debt on the property continues to decrease. 

As others said here, leverage can improve returns in general if you can get cheap money. consistent passive 6% over a decade with low inflation is not bad for many investors.

At minimum, you should get familiar enough with costs so you will know if their bid is fair or inflated. 

Even odder is that with the recent pandemic the product on the market is being sold at inflated prices.