Wow, this year is half way over already! That’s both super exciting and scary at the same time… I have my big round-the-world expedition in August, so I’m super stoked about that. When I return, we’ll be right at the start of the new NFL season! Since I’m in the South Bay, you know I’m amped up to see the 49er’s open the doors to Levi’s Stadium. Hopefully this will be the year they finish their quest for six!
Enough rambling, let’s get to the net worth update for June:
According to Mint, my net worth is currently $693,514.01. This represents an increase of 4.27% from last month ($665,115.97). I’m still using Zillow’s Zestimate to determine the value of my properties.
I currently have $23,478.06 stashed away in my checking account ($15,541.48 previously). I’m making decent progress in building up the cash to fund another real estate purchase, but I didn’t do as well as I would have liked. I was hoping to get to around $25,000 by month’s end. Oh well, life happens…
For one, I purchased a new Apple MacBook Pro, which set me back about $1,400. In addition, I started a routine of getting a massage each weekend. Work really does have a way of messing up my body, so I consider this money well spent. It costs about $70 per session (tip included) for 70 minutes + steam room use. I feel rejuvenated after, and am even contemplating getting two massages each week. Can’t put a price tag on good health, right? We’ll see…
I owe the following loans:
Rental Property #1: $226,529.55
Rental Property #2: $226,331.63
Rental Property #3: $116,056.71
I currently own no individual stocks. My only investments are in 401k and Roth IRA.
Roth IRA: $56,757.73
Investments are up quite a bit this month. It’s crazy how hot the stock market is right now! I keep waiting for a pullback that never seems to occur. At some point, I probably will look into purchasing some stocks again, but not right now… the market is too frothy for my taste. Last month ended with investments valued at $168,895.49. 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: $432,424.00
Rental Property #2: $441,477.00
Rental Property #3: $154,634.00
Rental Property #4: $88,797.00
Rental Property #5: $167,837.00
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: $63,758.01
Rental Property #5: $125,080.41
Most of the rentals are holding steady in value. Per usual, Rental Property #1 and Rental Property #2 are the two fluctuating the most. Rental Property #2, in particular, rose to $441,477.00 this month, an increase of 4.28% from last month’s value of $423,368.00.
If Zillow has taught me anything with Rental Property #1, their valuation algorithm will pump up the property value for a few months before deciding to change course and pulling the plug. At one point not too long ago, Rental Property #1 was valued at $485,779.00! It’s now back to $432,424.00. I’m guessing the true value lies somewhere in between. Let’s see how long Rental Property #2 can sustain this run before it falls back down to Earth… My own guess is that Rental Property #2 could easily be sold for $450,000 today.
The total value of all assets now checks in at $1,482,903.64, an increase of 1.75% from last month ($1,457,466.97). I also owe $789,389.63.
Thanks to the upcoming 4th of July weekend, this work week is just about finished! Only five more weeks until my trip to Japan! Oh boy, I better start doing some planning. Until next time!