Real Estate Valuation Tool
Home Price Forecasts
$ 500,000
10 years
$ 813,217
(
62.64%
)
Below are the random variable results after running the simulations
$813,217
+4.97%
+3.17%
100
1.0 hours
$28,687
2
0x
Using the average between all simulations, the following are the expected cash flows
Upfront
Downpayment | $100,000 |
Closing Costs | $- |
Closing costs of $12,000 are being financed. The total mortgage amount is $412,000. |
Monthly Costs
(avg. between all
simulations)
Mortgage Payment | $2,645 |
HOA Fees | $99 |
Insurance | $100 |
Home Maintenance (small repairs) | $207 |
Major Repairs | $285 |
Renovations | $237 |
Real Estate Taxes | $375 |
Opportunity Costs
(monthly)
Not having to rent | $2,000 |
Interest Tax deduction | $533 |
Hours Spent | 3.97 hours per month |
Personal Cost | $1,984 |
$500,000
$813,217
$313,217
$-94,522
$407,739
This is equivalent of buying 0.82 houses
Not considering time value of money