The Real Estate Financial Planner Blueprint™
Gulfport, Mississippi 20% DP
Purchased Gulfport, Mississippi Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Gulfport, Mississippi Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,058. 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 Gulfport, Mississippi Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $120,600 purchase price that means you need to have $24,120 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,206) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $24,120 |
Rent Ready Costs | $0 |
Closing Costs | $1,206 |
Seller Concessions | $0 |
Total Cost To Close: | $25,326 |
The monthly rent on this Property is $843 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,403 | -$2,678 | $1,521 | $671 | $946 | -$942 | |
-$1,285 | -$2,392 | $1,379 | $614 | $864 | -$820 | |
-$1,168 | -$2,110 | $1,238 | $558 | $782 | -$700 | |
Totals: | -$3,855 | -$7,179 | $4,139 | $1,843 | $2,591 | -$2,462 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports