The Real Estate Financial Planner Blueprint™
Fort Worth, Texas 20% DP
Purchased Fort Worth, Texas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Fort Worth, Texas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,090. 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 Fort Worth, Texas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $154,300 purchase price that means you need to have $30,860 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,543) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $30,860 |
Rent Ready Costs | $0 |
Closing Costs | $1,543 |
Seller Concessions | $0 |
Total Cost To Close: | $32,403 |
The monthly rent on this Property is $1,015 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,756 | -$4,523 | $1,946 | $858 | $1,258 | $2,296 | |
$2,529 | -$4,069 | $1,769 | $788 | $1,152 | $2,168 | |
Totals: | $5,285 | -$8,593 | $3,715 | $1,647 | $2,410 | $4,465 |
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
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports