The Real Estate Financial Planner Blueprint™
Amarillo, Texas 20% DP
Purchased Amarillo, Texas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Amarillo, Texas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,034. 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 Amarillo, Texas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $127,200 purchase price that means you need to have $25,440 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,272) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,440 |
Rent Ready Costs | $0 |
Closing Costs | $1,272 |
Seller Concessions | $0 |
Total Cost To Close: | $26,712 |
The monthly rent on this Property is $839 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,673 | -$3,185 | $1,605 | $708 | $994 | $1,795 | |
$1,534 | -$2,856 | $1,458 | $650 | $910 | $1,696 | |
$1,396 | -$2,530 | $1,311 | $591 | $825 | $1,593 | |
Totals: | $4,603 | -$8,571 | $4,373 | $1,948 | $2,730 | $5,084 |
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
- Final Month Summary
Reports