The Real Estate Financial Planner Blueprint™
Clearwater, Florida 20% DP
Purchased Clearwater, Florida Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Clearwater, Florida Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,312. 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 Clearwater, Florida Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $191,600 purchase price that means you need to have $38,320 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,916) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $38,320 |
Rent Ready Costs | $0 |
Closing Costs | $1,916 |
Seller Concessions | $0 |
Total Cost To Close: | $40,236 |
The monthly rent on this Property is $1,052 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,484 | -$4,503 | $2,417 | $1,066 | $1,316 | -$1,188 | |
-$1,360 | -$4,028 | $2,192 | $976 | $1,202 | -$1,018 | |
Totals: | -$2,844 | -$8,532 | $4,609 | $2,042 | $2,518 | -$2,206 |
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