The Real Estate Financial Planner Blueprint™
Paradise, Nevada 20% DP
Purchased Paradise, Nevada Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Paradise, Nevada Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,652. 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 Paradise, Nevada Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $217,000 purchase price that means you need to have $43,400 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,170) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $43,400 |
Rent Ready Costs | $0 |
Closing Costs | $2,170 |
Seller Concessions | $0 |
Total Cost To Close: | $45,570 |
The monthly rent on this Property is $942 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$3,429 | -$4,564 | $2,737 | $1,207 | $1,110 | -$2,938 | |
-$3,141 | -$4,088 | $2,481 | $1,105 | $1,011 | -$2,632 | |
Totals: | -$6,570 | -$8,651 | $5,218 | $2,312 | $2,121 | -$5,569 |
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
- Final Month Summary
Reports