The Real Estate Financial Planner Blueprint™
Richmond, Virginia 20% DP

Purchased Richmond, Virginia Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Richmond, Virginia Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,874. 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 Richmond, Virginia Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $220,700 purchase price that means you need to have $44,140 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,207) minus any seller concessions ($0).

Description Amount
Down Payment $44,140
Rent Ready Costs $0
Closing Costs $2,207
Seller Concessions $0
Total Cost To Close: $46,347

The monthly rent on this Property is $979 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Richmond, Virginia Average Property 1 $954 -$4,246 $2,784 $1,228 $1,250 $1,970
Richmond, Virginia Average Property 2 $874 -$3,790 $2,528 $1,126 $1,142 $1,880
Totals: $1,828 -$8,036 $5,312 $2,354 $2,392 $3,850

Asset Allocation

How are assets allocated? Let's first look at this month.

Copy Scenario into my Real Estate Financial Planner™ Software Account

Blueprint™ Menu of Sections

Reports