The Real Estate Financial Planner Blueprint™
Pawtucket, Rhode Island 20% DP
Purchased Pawtucket, Rhode Island Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Pawtucket, Rhode Island Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,418. 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 Pawtucket, Rhode Island Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $181,900 purchase price that means you need to have $36,380 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,819) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $36,380 |
Rent Ready Costs | $0 |
Closing Costs | $1,819 |
Seller Concessions | $0 |
Total Cost To Close: | $38,199 |
The monthly rent on this Property is $903 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$5,126 | -$4,611 | $2,295 | $1,012 | $1,207 | -$5,223 | |
-$4,693 | -$4,120 | $2,077 | $925 | $1,100 | -$4,710 | |
Totals: | -$9,819 | -$8,730 | $4,372 | $1,937 | $2,307 | -$9,933 |
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
- Final Month Summary
Reports