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Updated 8 months ago,
How do I calculate ROI on a rental on something I bought over 20 years ago?
Every calculator has stuff that seems irrelevant or is not true to the situation. My purchase price was over 20 years ago, I do not remember closing costs, have refinanced twice at least and I have been renting it for almost as long. Lots of schedule Es I can not read or understand.
I obviously know my rent "income" and my costs (especially since I make NO positive cash flow money on it and mostly loose money (last year I lost "only" -$1175) so i want to know what i made in appreciation versus how much I lost per year for the past 20 years. And how much opportunity cost i lost had I been in the market. At this point I will have pick up about $450K in appreciation after sales costs, but that is before taxes and I am in a high bracket. Basically I want to know how much damage i did to myself for.....reasons.
How does one calculate this? I know I should not have counted on appreciation and I think I been loosing money on it for a very very long time, but I had other things to attend to. I know, I know, first world problems for sure but I loath the thought of the hassle of selling but its time.
(RE certainly did NOT make me rich as I had hoped and now I am ready to sell 2 rentals and retire sooner than later)