The Real Estate Financial Planner Blueprint™
Lynchburg, Virginia 20% DP
Purchased Lynchburg, Virginia Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Lynchburg, Virginia Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,058. 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 Lynchburg, Virginia Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $158,800 purchase price that means you need to have $31,760 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,588) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $31,760 |
Rent Ready Costs | $0 |
Closing Costs | $1,588 |
Seller Concessions | $0 |
Total Cost To Close: | $33,348 |
The monthly rent on this Property is $843 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,320 | -$1,964 | $2,003 | $884 | $931 | $3,174 | |
$1,211 | -$1,718 | $1,819 | $811 | $851 | $2,974 | |
$331 | $8 | $361 | $222 | $198 | $1,120 | |
Totals: | $2,862 | -$3,674 | $4,183 | $1,916 | $1,980 | $7,268 |
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
- Final Month Summary
Reports