The Real Estate Financial Planner Blueprint™
Decatur, Illinois 20% DP
Purchased Decatur, Illinois Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Decatur, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,014. 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 Decatur, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $81,800 purchase price that means you need to have $16,360 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($818) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $16,360 |
Rent Ready Costs | $0 |
Closing Costs | $818 |
Seller Concessions | $0 |
Total Cost To Close: | $17,178 |
The monthly rent on this Property is $669 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$240 | -$876 | $1,032 | $455 | $670 | $1,041 | |
-$220 | -$754 | $936 | $417 | $613 | $992 | |
-$200 | -$635 | $841 | $379 | $555 | $940 | |
-$180 | -$519 | $746 | $341 | $498 | $886 | |
-$160 | -$407 | $651 | $303 | $440 | $828 | |
Totals: | -$1,002 | -$3,190 | $4,206 | $1,895 | $2,776 | $4,686 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports