The Real Estate Financial Planner Blueprint™
Mount Pleasant, South Carolina 20% DP
Purchased Mount Pleasant, South Carolina Average Property 1 Property
Bought in Month 3
We have a Rule that has you buying the Mount Pleasant, South Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $9,198 (which we adjust for inflation to be worth $9,198 in Month 3). The following is a chart showing the balance of Starting with $100K, Earning 7%/year Account from the start of the Scenario to Month 3 after we've adjusted for all the income and expenses for the entire month.
To purchase the Mount Pleasant, South Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $443,162.62 purchase price that means you need to have $88,632.52 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($4,431.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $88,632.52 |
Rent Ready Costs | $0 |
Closing Costs | $4,431.63 |
Seller Concessions | $0 |
Total Cost To Close: | $93,064.15 |
The monthly rent on this Property is $1,544.44 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$9,508 | -$12,097 | $5,590 | $2,466 | $2,368 | $7,836 | |
Totals: | $9,508 | -$12,097 | $5,590 | $2,466 | $2,368 | $7,836 |
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
- Paid Off Mortgage
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports