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 |
---|---|---|---|---|---|---|
$954 | -$4,246 | $2,784 | $1,228 | $1,250 | $1,970 | |
$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 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
- Final Month Summary
Reports