Self hosting principals aside, is this data actually important? If so, then don't fuck around with self hosting it. Are you looking for lowest cost? Then don't waste a bunch of money spinning your own disks.
Amazon glacier to guarantee availability and your own encryption to guarantee privacy.
It's currently running me about $4/month for around 10tb that I don't want to lose but just don't want to deal with. An equivalent HDD solution would be around $500, that's 10 years to break even assuming zero disk failures and zero personal maintenance time.
Plus it's guaranteed. Inherent multiple copies, has SLA, and there's no worry about the service just disappearing. It's they decide to shut down or raise prices or whatever, you can reevaluate and move.
Edit: Glacier and similar services are meant for archival which is the term OP used. You never expect to need it again, but can't get rid of it. Retrieval cost is mostly irrelevant, but yes much more expensive. (I'd wager still less expensive than a home RAID array.)