The Real Estate Financial Planner Blueprint™
Pittsburgh, Pennsylvania 20% DP
Purchased Pittsburgh, Pennsylvania Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Pittsburgh, Pennsylvania Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,532. 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 Pittsburgh, Pennsylvania Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $116,300 purchase price that means you need to have $23,260 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,163) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $23,260 |
Rent Ready Costs | $0 |
Closing Costs | $1,163 |
Seller Concessions | $0 |
Total Cost To Close: | $24,423 |
The monthly rent on this Property is $922 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,974 | $137 | $1,467 | $647 | $841 | $6,066 | |
$2,729 | $189 | $1,334 | $595 | $771 | $5,617 | |
$2,483 | $238 | $1,201 | $542 | $699 | $5,163 | |
$2,237 | $284 | $1,068 | $489 | $628 | $4,706 | |
Totals: | $10,423 | $848 | $5,071 | $2,272 | $2,939 | $21,553 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports