The Real Estate Financial Planner Blueprint™
Montgomery, Alabama 20% DP
Purchased Montgomery, Alabama Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Montgomery, Alabama Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,202. The following is a chart showing the balance of Starting with $100K, Earning 7%/year Account from the start of the Scenario to Month 1 after we've adjusted for all the income and expenses for the entire month.
To purchase the Montgomery, Alabama Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $119,600 purchase price that means you need to have $23,920 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,196) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $23,920 |
Rent Ready Costs | $0 |
Closing Costs | $1,196 |
Seller Concessions | $0 |
Total Cost To Close: | $25,116 |
The monthly rent on this Property is $867 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$543 | -$1,097 | $1,509 | $665 | $856 | $1,390 | |
-$497 | -$931 | $1,369 | $610 | $782 | $1,332 | |
-$452 | -$770 | $1,229 | $554 | $709 | $1,270 | |
-$135 | $121 | $269 | $166 | $187 | $608 | |
Totals: | -$1,628 | -$2,677 | $4,376 | $1,995 | $2,534 | $4,600 |
Asset Allocation
How are assets allocated? Let's first look at this month.
Copy Scenario into my Real Estate Financial Planner™ Software AccountBlueprint™ Menu of Sections
- Introduction
- Accounts
- Properties
- Rules
- Significant Events
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports