The Real Estate Financial Planner Blueprint™
Baltimore, Maryland 20% DP
Purchased Baltimore, Maryland Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Baltimore, Maryland Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,306. 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 Baltimore, Maryland Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $156,400 purchase price that means you need to have $31,280 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,564) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $31,280 |
Rent Ready Costs | $0 |
Closing Costs | $1,564 |
Seller Concessions | $0 |
Total Cost To Close: | $32,844 |
The monthly rent on this Property is $1,051 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,563 | -$1,476 | $1,973 | $870 | $1,058 | $862 | |
-$1,432 | -$1,255 | $1,789 | $797 | $966 | $865 | |
-$649 | -$77 | $705 | $360 | $416 | $754 | |
Totals: | -$3,644 | -$2,808 | $4,467 | $2,027 | $2,440 | $2,481 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports