David Saks: November 2008

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Math Class : Lesson 123

                                                   math

A homes value, due to depreciation, was estimated to be $765,000 at the end of six years.

If the annual rate of depreciation was 2.5% what was the original cost of the home ?

The answers are posted below the wildlife photo (royalty free). Please take your time.

wildlife

A. $900,000

Multiply 6 years times 2.5% and we get 15%.

Subtract 15% from 100% value and we get 85% total value depreciation over six years.

Now divide .85 or 85% into the current estimated depreciated value of $765,000 and we get $900,000.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • November 16 2008 12:31AM
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