Wealth Building Essentials For Dummies by Eric Tyson

Author:Eric Tyson [Tyson, Eric]
Language: eng
Format: epub
ISBN: 9781394326204
Publisher: Wiley
Published: 2025-03-14T00:00:00+00:00

Monthly property tax

$300

Other monthly expenses (maintenance, insurance)

$300

Monthly rent

$2,100

In Table 6-1, you can see what happens with your investment over time. It’s assumed that your rent and expenses (except for your mortgage payment, which is fixed) increase 3 percent annually and that your property appreciates a conservative 4 percent per year. (For simplification purposes, depreciation is ignored in this example. If the benefit of depreciation had been included, it would further enhance the calculated investment returns.)

TABLE 6-1 How a Rental Property’s Income and Wealth Build Over Time

Year

Monthly Rent

Monthly Expenses

Property Value

Mortgage Balance

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