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5.0% Appreciation Rate for Livonia
We just had a researcher submit some very basic information about a house for sale in Livonia to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for New York Real Estate Resources is located at 4370 Shelly Rd, Livonia, NY 14487.
In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.
| Years From Now | Value |
| Assumed Appreciation Rate: 5.0% | |
| At Purchase | $83,160 |
| Year 1 | $87,318 |
| Year 2 | $91,684 |
| Year 3 | $96,268 |
| Year 4 | $101,081 |
| Year 5 | $106,136 |
| Year 6 | $111,442 |
| Year 7 | $117,014 |
| Year 8 | $122,865 |
| Year 9 | $129,008 |
As you can see from the table above, if we assume an appreciation rate of 5.0% per year, then the property value eventually reaches $129,008 after 10 years.
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Until my next post,
James
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