The Real Estate Financial Planner Blueprint™
New Britain, Connecticut 20% DP
Purchased New Britain, Connecticut Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the New Britain, Connecticut Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,868. 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 New Britain, Connecticut Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $159,300 purchase price that means you need to have $31,860 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,593) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $31,860 |
Rent Ready Costs | $0 |
Closing Costs | $1,593 |
Seller Concessions | $0 |
Total Cost To Close: | $33,453 |
The monthly rent on this Property is $978 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,039 | -$4,095 | $2,010 | $886 | $1,196 | -$2,042 | |
-$1,868 | -$3,661 | $1,822 | $811 | $1,092 | -$1,803 | |
Totals: | -$3,906 | -$7,757 | $3,831 | $1,698 | $2,289 | -$3,845 |
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