The Real Estate Financial Planner Blueprint™
Springfield, Illinois 20% DP
Purchased Springfield, Illinois Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Springfield, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,734. 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 Springfield, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $127,500 purchase price that means you need to have $25,500 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,275) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,500 |
Rent Ready Costs | $0 |
Closing Costs | $1,275 |
Seller Concessions | $0 |
Total Cost To Close: | $26,775 |
The monthly rent on this Property is $789 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,151 | -$2,907 | $1,608 | $709 | $956 | $1,517 | |
$1,055 | -$2,603 | $1,461 | $651 | $875 | $1,439 | |
$960 | -$2,301 | $1,313 | $592 | $793 | $1,357 | |
Totals: | $3,166 | -$7,811 | $4,382 | $1,952 | $2,624 | $4,313 |
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
- Final Month Summary
Reports