BusinessNewsletters

The Paul Atkins Real Estate Update
May 2017

By May 7, 2017 No Comments

Cumulative House Appreciation by 2021

  • $400,000 X 19.4% = Gain in value $77,600
  • $400,000 X 19.4% = Gain in value $77,600
  • $500,000 X 19-4% = Gain in value $97,000
  • $600,000 X 19-4% = Gain in value $116,400
  • $700,000 X 19-4% = Gain in value $135,800

Then look at the Interest paid on a mortgage, it is tax deductible if itemized on the tax return. So are points that are paid to lower the interest rate. On a $400,000 loan Your first year tax savings is $6,779 (may very) X5 years = savings of $33,895

Example Owning a home with value of: (next 5 years calculation’s)

  • $400,000 value/ combined appreciation and tax savings would be around $111,499
  • $400,000 value/ combined appreciation and tax savings would be around $111,499
  • $500,000 value/ combined appreciation and tax savings would be around $139,370
  • $600,000 value/ combined appreciation and tax savings would be around $167,249
  • $700,000 value/ combined appreciation and tax savings would be around $195,119

It pay’s to own a home !

Have questions about selling your home / how much you could “net” / how to sell and buy up or down ?

Call me anytime 661-714-0911

 

(tax savings calculated at 25% fed rate 8% state on 30 year mortgage at 4.5% / rate after tax 3.105%. Consult with a tax professional for your savings)

Click HERE to download the full PDF of this Newsletter.