The Real Estate Financial Planner Blueprint™
Denton, Texas 20% DP
Purchased Denton, Texas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Denton, Texas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,276. 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 Denton, Texas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $196,900 purchase price that means you need to have $39,380 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,969) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $39,380 |
Rent Ready Costs | $0 |
Closing Costs | $1,969 |
Seller Concessions | $0 |
Total Cost To Close: | $41,349 |
The monthly rent on this Property is $1,046 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$6,193 | -$6,689 | $2,484 | $1,095 | $1,484 | $4,568 | |
$5,684 | -$6,060 | $2,260 | $1,007 | $1,359 | $4,251 | |
Totals: | $11,878 | -$12,749 | $4,744 | $2,103 | $2,844 | $8,819 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- 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
- Final Month Summary
Reports