The Real Estate Financial Planner Blueprint™
Buffalo, New York 20% DP
Purchased Buffalo, New York Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Buffalo, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,542. 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 Buffalo, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $82,900 purchase price that means you need to have $16,580 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($829) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $16,580 |
Rent Ready Costs | $0 |
Closing Costs | $829 |
Seller Concessions | $0 |
Total Cost To Close: | $17,409 |
The monthly rent on this Property is $757 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,297 | $725 | $1,046 | $461 | $645 | $4,174 | |
$1,190 | $718 | $950 | $423 | $591 | $3,872 | |
$1,082 | $708 | $855 | $385 | $536 | $3,566 | |
$975 | $694 | $760 | $347 | $481 | $3,257 | |
$867 | $677 | $664 | $309 | $426 | $2,944 | |
$435 | $575 | $284 | $155 | $204 | $1,653 | |
Totals: | $5,846 | $4,097 | $4,559 | $2,082 | $2,883 | $19,467 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports