The Real Estate Financial Planner Blueprint™
Meriden, Connecticut 20% DP
Purchased Meriden, Connecticut Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Meriden, Connecticut Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,000. 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 Meriden, Connecticut Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $172,200 purchase price that means you need to have $34,440 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,722) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $34,440 |
Rent Ready Costs | $0 |
Closing Costs | $1,722 |
Seller Concessions | $0 |
Total Cost To Close: | $36,162 |
The monthly rent on this Property is $1,000 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$3,597 | -$4,638 | $2,172 | $958 | $1,240 | -$3,865 | |
-$3,294 | -$4,151 | $1,968 | $876 | $1,131 | -$3,470 | |
Totals: | -$6,891 | -$8,789 | $4,140 | $1,834 | $2,371 | -$7,335 |
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