The Real Estate Financial Planner Blueprint™
Concord, North Carolina 20% DP
Purchased Concord, North Carolina Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Concord, North Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,280. 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 Concord, North Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $188,900 purchase price that means you need to have $37,780 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,889) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $37,780 |
Rent Ready Costs | $0 |
Closing Costs | $1,889 |
Seller Concessions | $0 |
Total Cost To Close: | $39,669 |
The monthly rent on this Property is $880 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,881 | -$3,781 | $2,383 | $1,051 | $1,101 | $2,635 | |
$1,725 | -$3,382 | $2,164 | $964 | $1,006 | $2,478 | |
Totals: | $3,606 | -$7,164 | $4,547 | $2,015 | $2,108 | $5,112 |
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
- Final Month Summary
Reports