The Real Estate Financial Planner Blueprint™
Bloomington, Illinois 20% DP

Purchased Bloomington, Illinois Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Bloomington, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,950. 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 Bloomington, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $167,200 purchase price that means you need to have $33,440 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,672) minus any seller concessions ($0).

Description Amount
Down Payment $33,440
Rent Ready Costs $0
Closing Costs $1,672
Seller Concessions $0
Total Cost To Close: $35,112

The monthly rent on this Property is $825 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Bloomington, Illinois Average Property 1 $600 -$6,055 $2,109 $930 $1,221 -$1,194
Bloomington, Illinois Average Property 2 $550 -$5,475 $1,915 $853 $1,116 -$1,040
Totals: $1,151 -$11,529 $4,024 $1,783 $2,337 -$2,234

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