The Real Estate Financial Planner Blueprint™
Abilene, Texas 20% DP
Purchased Abilene, Texas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Abilene, Texas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,472. 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 Abilene, Texas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $114,000 purchase price that means you need to have $22,800 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,140) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,800 |
Rent Ready Costs | $0 |
Closing Costs | $1,140 |
Seller Concessions | $0 |
Total Cost To Close: | $23,940 |
The monthly rent on this Property is $912 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,687 | -$1,502 | $1,438 | $634 | $945 | $3,202 | |
$1,547 | -$1,306 | $1,307 | $582 | $866 | $2,996 | |
$1,407 | -$1,114 | $1,175 | $530 | $786 | $2,785 | |
$1,267 | -$926 | $1,044 | $478 | $706 | $2,569 | |
Totals: | $5,909 | -$4,848 | $4,964 | $2,224 | $3,303 | $11,552 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports