The Real Estate Financial Planner Blueprint™
Columbia, South Carolina 20% DP
Purchased Columbia, South Carolina Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Columbia, South Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,460. 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 Columbia, South Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $173,400 purchase price that means you need to have $34,680 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,734) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $34,680 |
Rent Ready Costs | $0 |
Closing Costs | $1,734 |
Seller Concessions | $0 |
Total Cost To Close: | $36,414 |
The monthly rent on this Property is $910 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,232 | -$3,239 | $2,187 | $965 | $1,072 | $2,218 | |
$1,129 | -$2,885 | $1,986 | $885 | $980 | $2,096 | |
Totals: | $2,361 | -$6,123 | $4,174 | $1,850 | $2,053 | $4,314 |
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