The Real Estate Financial Planner Blueprint™
Johnson City, Tennessee 20% DP
Purchased Johnson City, Tennessee Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Johnson City, Tennessee Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,404. 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 Johnson City, Tennessee Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $165,900 purchase price that means you need to have $33,180 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,659) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $33,180 |
Rent Ready Costs | $0 |
Closing Costs | $1,659 |
Seller Concessions | $0 |
Total Cost To Close: | $34,839 |
The monthly rent on this Property is $734 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$820 | -$4,506 | $2,093 | $923 | $1,033 | $364 | |
$752 | -$4,051 | $1,900 | $846 | $944 | $391 | |
Totals: | $1,572 | -$8,557 | $3,993 | $1,769 | $1,978 | $755 |
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