The Real Estate Financial Planner Blueprint™
Jackson, Mississippi 20% DP
Purchased Jackson, Mississippi Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Jackson, Mississippi Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,944. 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 Jackson, Mississippi Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $90,800 purchase price that means you need to have $18,160 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($908) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $18,160 |
Rent Ready Costs | $0 |
Closing Costs | $908 |
Seller Concessions | $0 |
Total Cost To Close: | $19,068 |
The monthly rent on this Property is $824 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$349 | -$792 | $1,145 | $505 | $799 | $1,309 | |
-$319 | -$666 | $1,039 | $463 | $731 | $1,248 | |
-$290 | -$544 | $933 | $421 | $662 | $1,183 | |
-$261 | -$426 | $828 | $379 | $594 | $1,113 | |
-$232 | -$313 | $723 | $336 | $526 | $1,040 | |
Totals: | -$1,452 | -$2,740 | $4,669 | $2,104 | $3,312 | $5,892 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports