I’m back from the East Coast! It was a wonderful trip, and I ended up taking so many photos that I ran out of memory on my phone. 😉 Right now, I’m working on catching up on some e-mails and messages, but when I get some free time, I’ll make sure to share some of the pictures and details of the trip.
Let’s get to the net worth update for May:
According to Mint, my net worth is currently $665,115.97. This represents an increase of 4.99% from last month ($633,456.43). I’m still using Zillow’s Zestimate to determine the value of my properties.
I currently have $15,541.48 stashed away in my checking account ($3,718.75 previously). Now that tax season is over, and baring any major setbacks, I should be able to ramp up production towards saving up for the next downpayment soon. I hope to have enough ammo by the end of June, but we’ll see.
Realistically, I probably won’t start the process of looking for Renal Property #6 until I get back from my big vacation in August. This will give me even more time to insure I have enough funds ready for the next major move.
I owe the following loans:
Rental Property #1: $227,190.83
Rental Property #2: $227,101.67
Rental Property #3: $116,219.41
I currently own no individual stocks. My only investments are in 401k and Roth IRA.
Roth IRA: $55,112.56
Investments were up slightly this month. My investments are up since I’m now investing back in my 401k again. What’s nice is that the company’s match vests immediately and this free money does end up making a noticeable difference each month. Last month ended with investments valued at $163,340.86. I keep track of my retirement accounts, but the monthly variations and overall performance mean very little at this point in time.
According to Zillow, here are the values of each property:
Rental Property #1: $445,329.00
Rental Property #2: $423,368.00
Rental Property #3: $154,850.00
Rental Property #4: $86,722.00
Rental Property #5: $162,761.00
The following debts should be listed under the Loans tab, but unfortunately Mint forces manually inputted loans to show up under the Properties tab.
Rental Property #4: $63,841.76
Rental Property #5: $125,389.49
Rental Property #1, as always, is fluctuating again this month. For May, it’s down 3.99%, checking in at $445,329.00 and coming in much lower than last month’s value of $463,106.00. On the flipside, we have Rental Property #2 which is continuing its surge, rising to $423,368.00 this month, an increase of 5.3% from last month’s value of $402,068.00.
Rental Property #3 is holding steady in value, as is Rental Property #4. Rental Property #5 experienced a jolt this month, rising to $162,761.00. This represents an increase of 4.1% from last month’s value of $156,382.00.
The total value of all assets now checks in at $1,457,466.97, an increase of 2.03% from last month ($1,428,401.61). I also owe $792,351.00. Now that I’ve had a nice break from the mundane, it’s time to refocus my energy and efforts towards saving up for the next rental property. Including this week, I have ten weeks to go until the next vacation!
I gotta say, introducing a breakpoint every now and then does absolute wonders for your mind, body, and spirit. These vacations really do help me recharge, and I come back refreshed and ready to go. Like most things in life, you gotta find the right balance between work and play. Alright, it’s time to shift gears and get back to work!