The Real Estate Financial Planner Blueprint™
Aurora, Illinois 20% DP
Purchased Aurora, Illinois Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Aurora, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $7,230. 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 Aurora, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $178,300 purchase price that means you need to have $35,660 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,783) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $35,660 |
Rent Ready Costs | $0 |
Closing Costs | $1,783 |
Seller Concessions | $0 |
Total Cost To Close: | $37,443 |
The monthly rent on this Property is $1,205 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$3,105 | -$3,899 | $2,249 | $992 | $1,432 | -$2,331 | |
-$2,845 | -$3,456 | $2,038 | $908 | $1,308 | -$2,047 | |
Totals: | -$5,950 | -$7,355 | $4,287 | $1,900 | $2,740 | -$4,378 |
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
- Paid Off Mortgage
- Final Month Summary
Reports