The Real Estate Financial Planner Blueprint™
Rio Rancho, New Mexico 20% DP
Purchased Rio Rancho, New Mexico Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Rio Rancho, New Mexico Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,636. 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 Rio Rancho, New Mexico Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $184,600 purchase price that means you need to have $36,920 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,846) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $36,920 |
Rent Ready Costs | $0 |
Closing Costs | $1,846 |
Seller Concessions | $0 |
Total Cost To Close: | $38,766 |
The monthly rent on this Property is $1,106 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$680 | -$2,033 | $2,329 | $1,027 | $1,162 | $3,164 | |
$623 | -$1,779 | $2,114 | $942 | $1,062 | $2,962 | |
Totals: | $1,303 | -$3,812 | $4,443 | $1,969 | $2,224 | $6,127 |
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