The Real Estate Financial Planner Blueprint™
Jacksonville, Florida 20% DP
Purchased Jacksonville, Florida Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Jacksonville, Florida Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,174. 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 Jacksonville, Florida Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $160,900 purchase price that means you need to have $32,180 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,609) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $32,180 |
Rent Ready Costs | $0 |
Closing Costs | $1,609 |
Seller Concessions | $0 |
Total Cost To Close: | $33,789 |
The monthly rent on this Property is $1,029 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,961 | -$2,785 | $2,030 | $895 | $1,151 | -$670 | |
-$1,797 | -$2,458 | $1,840 | $820 | $1,051 | -$545 | |
Totals: | -$3,758 | -$5,243 | $3,870 | $1,715 | $2,201 | -$1,215 |
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
- Paid Off Mortgage
- Final Month Summary
Reports