The Real Estate Financial Planner Blueprint™
Philadelphia, Pennsylvania 20% DP
Purchased Philadelphia, Pennsylvania Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Philadelphia, Pennsylvania Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,042. 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 Philadelphia, Pennsylvania Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $156,800 purchase price that means you need to have $31,360 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,568) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $31,360 |
Rent Ready Costs | $0 |
Closing Costs | $1,568 |
Seller Concessions | $0 |
Total Cost To Close: | $32,928 |
The monthly rent on this Property is $1,007 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$157 | -$1,044 | $1,978 | $872 | $996 | $2,958 | |
$144 | -$869 | $1,795 | $800 | $910 | $2,779 | |
$78 | -$70 | $890 | $436 | $478 | $1,813 | |
Totals: | $379 | -$1,984 | $4,663 | $2,109 | $2,383 | $7,551 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports