The Real Estate Financial Planner Blueprint™
Las Vegas, Nevada 20% DP
Purchased Las Vegas, Nevada Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Las Vegas, Nevada Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,342. 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 Las Vegas, Nevada Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $234,700 purchase price that means you need to have $46,940 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,347) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $46,940 |
Rent Ready Costs | $0 |
Closing Costs | $2,347 |
Seller Concessions | $0 |
Total Cost To Close: | $49,287 |
The monthly rent on this Property is $1,057 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,444 | -$3,638 | $2,961 | $1,306 | $1,247 | -$568 | |
-$1,015 | -$874 | $1,057 | $541 | $477 | $186 | |
Totals: | -$3,459 | -$4,512 | $4,018 | $1,847 | $1,724 | -$382 |
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
- Achieved Financial Independence Goal
- Final Month Summary
Reports