The Real Estate Financial Planner Blueprint™
Winston-Salem, North Carolina 20% DP
Purchased Winston-Salem, North Carolina Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Winston-Salem, North Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,692. 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 Winston-Salem, North Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $144,400 purchase price that means you need to have $28,880 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,444) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $28,880 |
Rent Ready Costs | $0 |
Closing Costs | $1,444 |
Seller Concessions | $0 |
Total Cost To Close: | $30,324 |
The monthly rent on this Property is $782 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$179 | -$2,484 | $1,822 | $803 | $881 | $1,201 | |
$164 | -$2,206 | $1,653 | $737 | $805 | $1,153 | |
$149 | -$1,932 | $1,486 | $670 | $728 | $1,101 | |
Totals: | $492 | -$6,621 | $4,960 | $2,210 | $2,414 | $3,455 |
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