The Real Estate Financial Planner Blueprint™
Rockford, Illinois 20% DP
Purchased Rockford, Illinois Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Rockford, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,512. 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 Rockford, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $89,700 purchase price that means you need to have $17,940 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($897) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $17,940 |
Rent Ready Costs | $0 |
Closing Costs | $897 |
Seller Concessions | $0 |
Total Cost To Close: | $18,837 |
The monthly rent on this Property is $752 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,182 | -$1,742 | $1,131 | $499 | $818 | -$1,475 | |
-$1,998 | -$1,531 | $1,025 | $456 | $747 | -$1,301 | |
-$1,815 | -$1,327 | $919 | $414 | $676 | -$1,132 | |
-$1,631 | -$1,128 | $814 | $372 | $606 | -$968 | |
-$1,449 | -$935 | $709 | $330 | $535 | -$809 | |
Totals: | -$9,075 | -$6,663 | $4,598 | $2,071 | $3,383 | -$5,685 |
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