Do you include the equity in your rental properties as part of your net worth? If so, what do you use to get the best estimate of the FMV of your properties? The estimates I see online can vary widely depending on the site if used so was curious if there is a good source others have used.

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Easiest approach is to just value it at purchase price. Avoids fluctuations (and time wasted trying to arbitrarily value it) and your NW still goes up gradually as you pay down the loan.

I'm not a RE investor yet but this is what I do with my house. I used to have it tied to Zillow but it jumped around so much it just made my NW snapshot less useful.


I do a modified version of this; I typically mark it to a conservative market estimate every other year.

I list all my rentals and RE syndications and alternative assets at cost. It understates my NW but also gives me a nice pop here and there when something sells. Original point was to see how my actions (ongoing investments and debt paydown) were impacting my NW without the noise of RE market fluctuations. Now I keep it up because it’s just easier. Oh side note - it gives me historical records for cost basis to do it that way. When I make major improvements I add it to the cost/value on my NW spreadsheet.


Thank you

If you include the equity you'd need to include the debt as a liability


OP is trying to do that, yes, and understands. I was responding to A1 who appears to me to be confusing assets vs. equity.


To be honest, I’ve never put that much stock in the current/future value of the home. It’s never certain. I include equity in personal calculations because I like to see how the loan paydown affects my NW, but I take the value of the property with a grain of salt. That said, I check the Zestimate from time to time, knowing they’re probably not accurate - just to see the movement up & down to get a sense for the market movements. In my calculator I just keep what I paid for the house - any property appreciation on top of that is a bonus.


Gotcha, I was thinking about this as well. This def seems to be the most conservative approach.

I can’t imagine why I wouldn’t include a major asset in my net worth.

There’s any number of ways to value a property. Treating it like a residential property wouldn’t be a bad start, so you could just use Zillow or local comps.

I imagine for a rental property, you could also do some kind of cash flow-based valuation, which you would be well-positioned to do yourself since you know your rental income and cost of capital.


Both the asset and tied liability are part of your NW. Zillow, CMA from a trusted realtor or appraisal are good valuation options. Or like where one of my properties are located, you can simply 10x the annual gross revenue to loosely get a value of the property.


Just use the more conservative of zestimate, Redfin estimate, and your loan servicer’s estimate (my servicer keeps being like “you can refinance now and access X amount in equity!” And give an appraisal).

I figure that’s more or less safe. Just remember you’d take about a 5% haircut upon selling.

Yes that’s why it’s “net”

What I bought at

If you use Personal Capital, they have a built in plug in / option to be able to use the Zestimate. Lmk if you want a referral code, and we both get a gift card

That being said, currently, I have the PP as a hard coded asset (vs. Zestimate) in Personal Capital, and I added the loan as liability. My decision was because the PP reflects cash in the deal, and I didn’t want to reflect unrealized equity in such an all or nothing asset in my NW, but recently I’ve been considering changing to using the Zestimate Tons of apartment/commercial listings. Youll see overinflated values but youll see what roi people are claiming which yields the price based on income. Isnt that where you found your properties? Or are you a single family home person?

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