The Real Estate Financial Planner Blueprint™
Erie, Pennsylvania 20% DP
Purchased Erie, Pennsylvania Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Erie, Pennsylvania Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,188. 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 Erie, Pennsylvania Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $87,800 purchase price that means you need to have $17,560 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($878) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $17,560 |
Rent Ready Costs | $0 |
Closing Costs | $878 |
Seller Concessions | $0 |
Total Cost To Close: | $18,438 |
The monthly rent on this Property is $698 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$468 | -$1,196 | $1,108 | $489 | $721 | $1,589 | |
$429 | -$1,045 | $1,006 | $448 | $660 | $1,497 | |
$390 | -$897 | $904 | $408 | $598 | $1,403 | |
$351 | -$752 | $802 | $367 | $537 | $1,305 | |
$312 | -$611 | $701 | $326 | $475 | $1,204 | |
Totals: | $1,951 | -$4,502 | $4,521 | $2,037 | $2,991 | $6,998 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports