The Real Estate Financial Planner Blueprint™
Knoxville, Tennessee 20% DP
Purchased Knoxville, Tennessee Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Knoxville, Tennessee Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,890. 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 Knoxville, Tennessee Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $128,800 purchase price that means you need to have $25,760 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,288) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,760 |
Rent Ready Costs | $0 |
Closing Costs | $1,288 |
Seller Concessions | $0 |
Total Cost To Close: | $27,048 |
The monthly rent on this Property is $815 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,248 | -$1,709 | $1,625 | $717 | $879 | $2,759 | |
$1,144 | -$1,501 | $1,476 | $657 | $803 | $2,580 | |
$1,041 | -$1,296 | $1,327 | $598 | $728 | $2,398 | |
Totals: | $3,432 | -$4,506 | $4,427 | $1,972 | $2,410 | $7,736 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports