The Real Estate Financial Planner Blueprint™
Asheville, North Carolina 20% DP
Purchased Asheville, North Carolina Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Asheville, North Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,006. 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 Asheville, North Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $242,500 purchase price that means you need to have $48,500 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,425) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $48,500 |
Rent Ready Costs | $0 |
Closing Costs | $2,425 |
Seller Concessions | $0 |
Total Cost To Close: | $50,925 |
The monthly rent on this Property is $1,001 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$5,242 | -$5,153 | $3,059 | $1,349 | $1,344 | $5,841 | |
Totals: | $5,242 | -$5,153 | $3,059 | $1,349 | $1,344 | $5,841 |
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
- Final Month Summary
Reports