The Real Estate Financial Planner Blueprint™
Syracuse, New York 20% DP
Purchased Syracuse, New York Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Syracuse, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,758. 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 Syracuse, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $93,200 purchase price that means you need to have $18,640 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($932) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $18,640 |
Rent Ready Costs | $0 |
Closing Costs | $932 |
Seller Concessions | $0 |
Total Cost To Close: | $19,572 |
The monthly rent on this Property is $793 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$910 | -$1,052 | $1,176 | $519 | $785 | $2,338 | |
$835 | -$914 | $1,068 | $476 | $719 | $2,183 | |
$759 | -$778 | $960 | $433 | $652 | $2,026 | |
$684 | -$644 | $853 | $390 | $585 | $1,867 | |
$608 | -$514 | $745 | $347 | $518 | $1,704 | |
Totals: | $3,796 | -$3,901 | $4,802 | $2,164 | $3,259 | $10,119 |
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