The Real Estate Financial Planner Blueprint™
Rochester, New York 20% DP
Purchased Rochester, New York Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Rochester, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,986. 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 Rochester, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $82,000 purchase price that means you need to have $16,400 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($820) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $16,400 |
Rent Ready Costs | $0 |
Closing Costs | $820 |
Seller Concessions | $0 |
Total Cost To Close: | $17,220 |
The monthly rent on this Property is $831 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$794 | $57 | $1,034 | $456 | $739 | $3,081 | |
$728 | $100 | $940 | $419 | $677 | $2,862 | |
$662 | $140 | $845 | $381 | $614 | $2,641 | |
$596 | $177 | $750 | $343 | $551 | $2,417 | |
$530 | $211 | $656 | $305 | $488 | $2,190 | |
$199 | $277 | $187 | $115 | $167 | $945 | |
Totals: | $3,508 | $961 | $4,411 | $2,019 | $3,236 | $14,135 |
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
- Final Month Summary
Reports