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HP HP-12c Manual

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130 Section 12: Real Estate and Lending
9. Key in the monthly rent for the alternative housing then press ?8.
10. Key in the savings or alternative investment annual interest rate as a
percentage then press ?9.
11. Key in the combined State and Federal marginal tax rate
5
as a percentage
then press ?.0.
12. Press fCLEARG then key in the number of years involved in the
investment; press n.
13. Key in the estimated rate of yearly appreciation as a percentage then press
¼.
14. Key in the price of the house under consideration then press $.
15. Press t to compute the net proceeds from the sale of the house. (A
negative value indicates money lost.)
16. Press t to compute the yield on your investment in the house.
6
17. Press t to compute the value of a savings account or other investment.
18. Compare the value of the hypothetical savings account to the net proceeds
of the sale of the house. Examine the sign and magnitude of the yield to
arrive at your decision.
19. To change data and repeat the calculations, store the changed values in the
appropriate registers and go to step 12.
Example: You are being transferred for 4 years to a distant city and are faced
with the decision of whether to rent or to buy a house. A quick survey of the
housing market indicates that you can purchase an acceptable house for $70,000
with a $7,000 down payment on a 30 year mortgage at 12% interest. The closing
costs would be about $1200. Selling costs include a 6% commission for resale
and miscellaneous other fees that amount to another 2% of the sale price.
Housing in the area is appreciating 10% per year. Property taxes would be about
$110 per month, and you estimate that maintenance would cost an additional $65
per month.
5.
The user should key in the total marginal income tax – Federal plus State – to obtain
calculations which reflect the tax advantages of home ownership. Because of the
complexities of tax laws and different financial and tax considerations for each individual,
this program should only serve as a guide in considering an investment of this type. For more
specific, detailed information, consult a tax accountant or qualified tax advisor.
6.
If the calculator displays a negative result or Error 5 when solving for yield then your
investment has resulted in a loss. The amount of interest earned on the alternative investment
is not taken into account in this calculation.
… 130 …


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