The Real Estate Financial Planner Blueprint™
Rock Hill, South Carolina 20% DP
Purchased Rock Hill, South Carolina Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Rock Hill, South Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,568. 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 Rock Hill, South Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $147,800 purchase price that means you need to have $29,560 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,478) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $29,560 |
Rent Ready Costs | $0 |
Closing Costs | $1,478 |
Seller Concessions | $0 |
Total Cost To Close: | $31,038 |
The monthly rent on this Property is $928 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$917 | -$1,499 | $1,864 | $822 | $958 | $3,062 | |
$841 | -$1,293 | $1,693 | $754 | $875 | $2,870 | |
$764 | -$1,091 | $1,522 | $686 | $793 | $2,674 | |
Totals: | $2,522 | -$3,884 | $5,079 | $2,263 | $2,626 | $8,605 |
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
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports