The Real Estate Financial Planner Blueprint™
Cheektowaga, New York 20% DP
Purchased Cheektowaga, New York Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Cheektowaga, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,950. 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 Cheektowaga, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $109,400 purchase price that means you need to have $21,880 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,094) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $21,880 |
Rent Ready Costs | $0 |
Closing Costs | $1,094 |
Seller Concessions | $0 |
Total Cost To Close: | $22,974 |
The monthly rent on this Property is $825 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,423 | -$2,053 | $1,380 | $609 | $929 | $2,288 | |
$1,305 | -$1,830 | $1,254 | $559 | $851 | $2,137 | |
$1,187 | -$1,609 | $1,128 | $508 | $772 | $1,985 | |
$1,069 | -$1,390 | $1,002 | $458 | $692 | $1,831 | |
Totals: | $4,982 | -$6,883 | $4,763 | $2,134 | $3,244 | $8,241 |
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
- Final Month Summary
Reports