The Real Estate Financial Planner Blueprint™
Grand Junction, Colorado 20% DP
Purchased Grand Junction, Colorado Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Grand Junction, Colorado Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,472. 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 Grand Junction, Colorado Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $223,900 purchase price that means you need to have $44,780 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,239) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $44,780 |
Rent Ready Costs | $0 |
Closing Costs | $2,239 |
Seller Concessions | $0 |
Total Cost To Close: | $47,019 |
The monthly rent on this Property is $912 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$839 | -$4,121 | $2,824 | $1,246 | $1,178 | $288 | |
-$769 | -$3,675 | $2,562 | $1,141 | $1,075 | $335 | |
Totals: | -$1,609 | -$7,796 | $5,387 | $2,387 | $2,253 | $622 |
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