The Real Estate Financial Planner Blueprint™
Reading, Pennsylvania 20% DP
Purchased Reading, Pennsylvania Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Reading, Pennsylvania Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,782. 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 Reading, Pennsylvania Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $70,800 purchase price that means you need to have $14,160 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($708) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $14,160 |
Rent Ready Costs | $0 |
Closing Costs | $708 |
Seller Concessions | $0 |
Total Cost To Close: | $14,868 |
The monthly rent on this Property is $797 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$11 | $954 | $893 | $394 | $611 | $2,841 | |
-$10 | $925 | $810 | $361 | $559 | $2,645 | |
-$9 | $891 | $728 | $328 | $507 | $2,446 | |
-$8 | $854 | $646 | $295 | $455 | $2,243 | |
-$8 | $814 | $564 | $263 | $403 | $2,036 | |
-$7 | $769 | $483 | $230 | $350 | $1,825 | |
-$6 | $720 | $402 | $197 | $298 | $1,611 | |
Totals: | -$59 | $5,928 | $4,527 | $2,068 | $3,184 | $15,647 |
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