The Real Estate Financial Planner Blueprint™
Albany, New York 20% DP
Purchased Albany, New York Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Albany, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,706. 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 Albany, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $173,300 purchase price that means you need to have $34,660 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,733) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $34,660 |
Rent Ready Costs | $0 |
Closing Costs | $1,733 |
Seller Concessions | $0 |
Total Cost To Close: | $36,393 |
The monthly rent on this Property is $951 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,356 | -$5,408 | $2,186 | $964 | $1,302 | -$2,312 | |
-$1,243 | -$4,865 | $1,983 | $883 | $1,189 | -$2,053 | |
Totals: | -$2,599 | -$10,273 | $4,169 | $1,847 | $2,491 | -$4,365 |
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
- Final Month Summary
Reports