The Real Estate Financial Planner Blueprint™
Cranston, Rhode Island 20% DP
Purchased Cranston, Rhode Island Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Cranston, Rhode Island Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,126. 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 Cranston, Rhode Island Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $228,300 purchase price that means you need to have $45,660 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,283) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $45,660 |
Rent Ready Costs | $0 |
Closing Costs | $2,283 |
Seller Concessions | $0 |
Total Cost To Close: | $47,943 |
The monthly rent on this Property is $1,021 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$3,614 | -$6,842 | $2,880 | $1,270 | $1,484 | -$4,821 | |
-$2,101 | -$3,494 | $1,547 | $736 | $834 | -$2,478 | |
Totals: | -$5,716 | -$10,335 | $4,427 | $2,006 | $2,319 | -$7,299 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Final Month Summary
Reports