The Real Estate Financial Planner Blueprint™
Waukegan, Illinois 20% DP
Purchased Waukegan, Illinois Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Waukegan, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,676. 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 Waukegan, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $125,500 purchase price that means you need to have $25,100 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,255) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,100 |
Rent Ready Costs | $0 |
Closing Costs | $1,255 |
Seller Concessions | $0 |
Total Cost To Close: | $26,355 |
The monthly rent on this Property is $946 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$3,782 | -$2,774 | $1,583 | $698 | $1,089 | -$3,186 | |
-$3,463 | -$2,455 | $1,433 | $638 | $993 | -$2,854 | |
-$3,144 | -$2,145 | $1,284 | $579 | $899 | -$2,527 | |
Totals: | -$10,390 | -$7,374 | $4,300 | $1,915 | $2,981 | -$8,567 |
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
- Final Month Summary
Reports