The Real Estate Financial Planner Blueprint™
New Haven, Connecticut 20% DP
Purchased New Haven, Connecticut Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the New Haven, Connecticut Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $7,074. 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 Haven, Connecticut Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $196,600 purchase price that means you need to have $39,320 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,966) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $39,320 |
Rent Ready Costs | $0 |
Closing Costs | $1,966 |
Seller Concessions | $0 |
Total Cost To Close: | $41,286 |
The monthly rent on this Property is $1,179 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$3,301 | -$4,222 | $2,480 | $1,094 | $1,395 | -$2,554 | |
-$3,023 | -$3,754 | $2,247 | $1,001 | $1,273 | -$2,256 | |
Totals: | -$6,324 | -$7,976 | $4,728 | $2,095 | $2,668 | -$4,810 |
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