The Real Estate Financial Planner Blueprint™
Tonawanda, New York 20% DP
Purchased Tonawanda, New York Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Tonawanda, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,034. 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 Tonawanda, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $132,300 purchase price that means you need to have $26,460 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,323) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $26,460 |
Rent Ready Costs | $0 |
Closing Costs | $1,323 |
Seller Concessions | $0 |
Total Cost To Close: | $27,783 |
The monthly rent on this Property is $839 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,395 | -$3,004 | $1,669 | $736 | $1,014 | $2,810 | |
$2,197 | -$2,696 | $1,517 | $676 | $928 | $2,622 | |
$1,999 | -$2,389 | $1,365 | $615 | $842 | $2,432 | |
Totals: | $6,591 | -$8,088 | $4,551 | $2,027 | $2,783 | $7,864 |
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
- Final Month Summary
Reports