The Real Estate Financial Planner Blueprint™
Newark, New Jersey 20% DP
Purchased Newark, New Jersey Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Newark, New Jersey Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,330. 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 Newark, New Jersey Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $231,500 purchase price that means you need to have $46,300 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,315) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $46,300 |
Rent Ready Costs | $0 |
Closing Costs | $2,315 |
Seller Concessions | $0 |
Total Cost To Close: | $48,615 |
The monthly rent on this Property is $1,055 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$6,046 | -$7,793 | $2,920 | $1,288 | $1,557 | -$8,073 | |
-$499 | $199 | $0 | $105 | $64 | -$131 | |
Totals: | -$6,545 | -$7,593 | $2,920 | $1,393 | $1,621 | -$8,204 |
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