The Real Estate Financial Planner Blueprint™
Chattanooga, Tennessee 20% DP
Purchased Chattanooga, Tennessee Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Chattanooga, Tennessee Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,962. 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 Chattanooga, Tennessee Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $160,100 purchase price that means you need to have $32,020 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,601) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $32,020 |
Rent Ready Costs | $0 |
Closing Costs | $1,601 |
Seller Concessions | $0 |
Total Cost To Close: | $33,621 |
The monthly rent on this Property is $827 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$3,339 | -$4,023 | $2,020 | $891 | $1,051 | $3,277 | |
$3,063 | -$3,621 | $1,836 | $818 | $962 | $3,058 | |
Totals: | $6,401 | -$7,643 | $3,856 | $1,709 | $2,013 | $6,335 |
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