The Real Estate Financial Planner Blueprint™
Evanston, Illinois 20% DP
Purchased Evanston, Illinois Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Evanston, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $8,196. 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 Evanston, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $380,600 purchase price that means you need to have $76,120 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($3,806) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $76,120 |
Rent Ready Costs | $0 |
Closing Costs | $3,806 |
Seller Concessions | $0 |
Total Cost To Close: | $79,926 |
The monthly rent on this Property is $1,366 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,971 | -$15,727 | $4,801 | $2,118 | $2,489 | -$8,290 | |
Totals: | -$1,971 | -$15,727 | $4,801 | $2,118 | $2,489 | -$8,290 |
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
- Paid Off Mortgage
- 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
- Final Month Summary
Reports