The Real Estate Financial Planner Blueprint™
Phoenix, Arizona 20% DP
Purchased Phoenix, Arizona Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Phoenix, Arizona Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,994. 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 Phoenix, Arizona Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $217,400 purchase price that means you need to have $43,480 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,174) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $43,480 |
Rent Ready Costs | $0 |
Closing Costs | $2,174 |
Seller Concessions | $0 |
Total Cost To Close: | $45,654 |
The monthly rent on this Property is $999 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,263 | -$3,476 | $2,742 | $1,209 | $1,185 | $399 | |
-$1,157 | -$3,082 | $2,488 | $1,108 | $1,081 | $438 | |
Totals: | -$2,420 | -$6,557 | $5,230 | $2,318 | $2,266 | $837 |
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
- Final Month Summary
Reports