The Real Estate Financial Planner Blueprint™
Worcester, Massachusetts 20% DP
Purchased Worcester, Massachusetts Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Worcester, Massachusetts Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,384. 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 Worcester, Massachusetts Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $220,700 purchase price that means you need to have $44,140 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,207) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $44,140 |
Rent Ready Costs | $0 |
Closing Costs | $2,207 |
Seller Concessions | $0 |
Total Cost To Close: | $46,347 |
The monthly rent on this Property is $1,064 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,741 | -$4,763 | $2,784 | $1,228 | $1,371 | -$2,121 | |
-$2,511 | -$4,247 | $2,524 | $1,124 | $1,251 | -$1,859 | |
Totals: | -$5,252 | -$9,010 | $5,308 | $2,352 | $2,622 | -$3,980 |
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
- Final Month Summary
Reports