The Real Estate Financial Planner Blueprint™
Las Cruces, New Mexico 20% DP
Purchased Las Cruces, New Mexico Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Las Cruces, New Mexico Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,674. 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 Cruces, New Mexico Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $150,200 purchase price that means you need to have $30,040 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,502) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $30,040 |
Rent Ready Costs | $0 |
Closing Costs | $1,502 |
Seller Concessions | $0 |
Total Cost To Close: | $31,542 |
The monthly rent on this Property is $779 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$998 | -$2,654 | $1,895 | $836 | $911 | -$11 | |
-$915 | -$2,358 | $1,719 | $765 | $832 | $43 | |
-$831 | -$2,066 | $1,543 | $696 | $752 | $94 | |
Totals: | -$2,745 | -$7,078 | $5,156 | $2,297 | $2,496 | $126 |
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
- Final Month Summary
Reports