The Real Estate Financial Planner Blueprint™
Mount Vernon, New York 20% DP
Purchased Mount Vernon, New York Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Mount Vernon, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $8,010. 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 Mount Vernon, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $360,300 purchase price that means you need to have $72,060 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($3,603) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $72,060 |
Rent Ready Costs | $0 |
Closing Costs | $3,603 |
Seller Concessions | $0 |
Total Cost To Close: | $75,663 |
The monthly rent on this Property is $1,335 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$7,127 | -$15,082 | $4,545 | $2,005 | $2,448 | -$13,211 | |
Totals: | -$7,127 | -$15,082 | $4,545 | $2,005 | $2,448 | -$13,211 |
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
- Final Month Summary
Reports