The Real Estate Financial Planner Blueprint™
Savannah, Georgia 20% DP
Purchased Savannah, Georgia Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Savannah, Georgia Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,862. 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 Savannah, Georgia Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $151,500 purchase price that means you need to have $30,300 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,515) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $30,300 |
Rent Ready Costs | $0 |
Closing Costs | $1,515 |
Seller Concessions | $0 |
Total Cost To Close: | $31,815 |
The monthly rent on this Property is $977 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$198 | -$1,584 | $1,911 | $843 | $1,008 | $1,979 | |
-$182 | -$1,366 | $1,734 | $773 | $921 | $1,880 | |
-$165 | -$1,153 | $1,558 | $702 | $834 | $1,776 | |
Totals: | -$546 | -$4,102 | $5,203 | $2,318 | $2,762 | $5,635 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports