The Real Estate Financial Planner Blueprint™
Hartford, Connecticut 20% DP
Purchased Hartford, Connecticut Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Hartford, Connecticut Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,754. 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 Hartford, Connecticut Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $162,800 purchase price that means you need to have $32,560 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,628) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $32,560 |
Rent Ready Costs | $0 |
Closing Costs | $1,628 |
Seller Concessions | $0 |
Total Cost To Close: | $34,188 |
The monthly rent on this Property is $959 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,749 | -$3,670 | $2,054 | $906 | $1,137 | -$2,323 | |
-$2,518 | -$3,267 | $1,861 | $829 | $1,038 | -$2,058 | |
Totals: | -$5,268 | -$6,937 | $3,915 | $1,735 | $2,175 | -$4,380 |
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