The Real Estate Financial Planner Blueprint™
Fargo, North Dakota 20% DP
Purchased Fargo, North Dakota Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Fargo, North Dakota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,776. 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 Fargo, North Dakota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $199,700 purchase price that means you need to have $39,940 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,997) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $39,940 |
Rent Ready Costs | $0 |
Closing Costs | $1,997 |
Seller Concessions | $0 |
Total Cost To Close: | $41,937 |
The monthly rent on this Property is $796 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$6,576 | -$7,141 | $2,519 | $1,111 | $1,293 | $4,358 | |
$6,036 | -$6,488 | $2,292 | $1,022 | $1,183 | $4,045 | |
Totals: | $12,613 | -$13,630 | $4,811 | $2,133 | $2,476 | $8,403 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- 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
- Final Month Summary
Reports