If I paid 113,000 for a house four years ago that is now worth 135 how do I calculate my rate of appreciation? I can’t find a calculator anywhere on the internet.
Thanks
use a Hewlett Packard hp 12c which has been around 20+ years( i still have and use mine).
PV = $113,000
FV = $135,000
Term + 4 Years
IRR (internal rate of return) = approx. 4.54% per year. FMRR may be slightly different.
Howdy Racn1wrx:
You may also use simple math to find the total return.
135-113=22/113=19.47%
It increased in value almost 20%
Wow , thanks for the reply. I’ve heard of the hp 12c but there’s all these new real estate specific calcs out now i will probable order one. Thanks again,
you can use this link to download an excel spreadsheet that will
calculate IRR for you.
http://snipurl.com/IRR_excel
You can buy them on Ebay cheaper then the store. There I go again ebay ebay ebay. Man that is what I get for sitting around all day long! I need to get a job!
texas instruments has a Real estate calculator you can get for $15 on ebay. i like that a lot.
much easier to use than hp 12c.
Plug the numbers in here:
http://www.morebusiness.com/tools/financial_calculators/compound.ttml
It gets pretty close to the other results.
There are other calculators at: