The Real Estate Financial Planner Blueprint™
Edinburg, Texas 20% DP
Purchased Edinburg, Texas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Edinburg, Texas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,518. 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 Edinburg, Texas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $113,300 purchase price that means you need to have $22,660 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,133) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,660 |
Rent Ready Costs | $0 |
Closing Costs | $1,133 |
Seller Concessions | $0 |
Total Cost To Close: | $23,793 |
The monthly rent on this Property is $753 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$782 | -$3,685 | $1,429 | $630 | $974 | $131 | |
$717 | -$3,319 | $1,298 | $578 | $892 | $166 | |
$652 | -$2,956 | $1,167 | $526 | $808 | $197 | |
$587 | -$2,596 | $1,036 | $474 | $725 | $226 | |
Totals: | $2,739 | -$12,556 | $4,930 | $2,208 | $3,400 | $721 |
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