The Real Estate Financial Planner Blueprint™
New Orleans, Louisiana 20% DP
Purchased New Orleans, Louisiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the New Orleans, Louisiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,838. 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 Orleans, Louisiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $219,600 purchase price that means you need to have $43,920 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,196) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $43,920 |
Rent Ready Costs | $0 |
Closing Costs | $2,196 |
Seller Concessions | $0 |
Total Cost To Close: | $46,116 |
The monthly rent on this Property is $973 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,407 | -$9,013 | $2,770 | $1,222 | $1,585 | -$1,029 | |
$2,207 | -$8,181 | $2,516 | $1,121 | $1,449 | -$887 | |
Totals: | $4,614 | -$17,194 | $5,286 | $2,343 | $3,034 | -$1,917 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- 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
- Final Month Summary
Reports