The Real Estate Financial Planner Blueprint™
Memphis, Tennessee 20% DP
Purchased Memphis, Tennessee Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Memphis, Tennessee Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,304. 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 Memphis, Tennessee Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $97,000 purchase price that means you need to have $19,400 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($970) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $19,400 |
Rent Ready Costs | $0 |
Closing Costs | $970 |
Seller Concessions | $0 |
Total Cost To Close: | $20,370 |
The monthly rent on this Property is $884 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$634 | -$105 | $1,224 | $540 | $786 | $1,810 | |
-$581 | -$29 | $1,110 | $494 | $719 | $1,713 | |
-$528 | $42 | $997 | $449 | $651 | $1,611 | |
-$475 | $108 | $884 | $404 | $584 | $1,505 | |
-$211 | $358 | $328 | $179 | $246 | $900 | |
Totals: | -$2,429 | $374 | $4,542 | $2,066 | $2,986 | $7,538 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports