The Real Estate Financial Planner Blueprint™
Fort Smith, Arkansas 20% DP
Purchased Fort Smith, Arkansas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Fort Smith, Arkansas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $3,996. 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 Fort Smith, Arkansas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $120,300 purchase price that means you need to have $24,060 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,203) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $24,060 |
Rent Ready Costs | $0 |
Closing Costs | $1,203 |
Seller Concessions | $0 |
Total Cost To Close: | $25,263 |
The monthly rent on this Property is $666 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$816 | -$3,412 | $1,518 | $669 | $872 | $463 | |
$748 | -$3,069 | $1,378 | $614 | $797 | $469 | |
$680 | -$2,729 | $1,239 | $558 | $723 | $471 | |
Totals: | $2,245 | -$9,210 | $4,134 | $1,842 | $2,392 | $1,403 |
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
- Final Month Summary
Reports