The Real Estate Financial Planner Blueprint™
North Charleston, South Carolina 20% DP
Purchased North Charleston, South Carolina Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the North Charleston, South Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,024. 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 North Charleston, South Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $164,600 purchase price that means you need to have $32,920 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,646) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $32,920 |
Rent Ready Costs | $0 |
Closing Costs | $1,646 |
Seller Concessions | $0 |
Total Cost To Close: | $34,566 |
The monthly rent on this Property is $1,004 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,067 | -$1,798 | $2,076 | $916 | $1,044 | $3,305 | |
$978 | -$1,559 | $1,885 | $840 | $955 | $3,099 | |
Totals: | $2,046 | -$3,357 | $3,962 | $1,756 | $1,999 | $6,404 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports