The Real Estate Financial Planner Blueprint™
Athens-Clarke County, Georgia 20% DP
Purchased Athens-Clarke County, Georgia Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Athens-Clarke County, Georgia Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,064. 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 Athens-Clarke County, Georgia Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $164,100 purchase price that means you need to have $32,820 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,641) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $32,820 |
Rent Ready Costs | $0 |
Closing Costs | $1,641 |
Seller Concessions | $0 |
Total Cost To Close: | $34,461 |
The monthly rent on this Property is $844 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$336 | -$3,310 | $2,070 | $913 | $1,037 | $1,046 | |
$308 | -$2,956 | $1,879 | $837 | $947 | $1,016 | |
Totals: | $645 | -$6,266 | $3,949 | $1,750 | $1,984 | $2,062 |
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