The Real Estate Financial Planner Blueprint™
Providence, Rhode Island 20% DP
Purchased Providence, Rhode Island Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Providence, Rhode Island Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,832. 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 Providence, Rhode Island Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $192,100 purchase price that means you need to have $38,420 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,921) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $38,420 |
Rent Ready Costs | $0 |
Closing Costs | $1,921 |
Seller Concessions | $0 |
Total Cost To Close: | $40,341 |
The monthly rent on this Property is $972 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$4,908 | -$4,767 | $2,423 | $1,069 | $1,254 | -$4,929 | |
-$4,494 | -$4,260 | $2,194 | $977 | $1,143 | -$4,440 | |
Totals: | -$9,402 | -$9,027 | $4,618 | $2,046 | $2,397 | -$9,369 |
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