The Real Estate Financial Planner Blueprint™
Evansville, Indiana 20% DP
Purchased Evansville, Indiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Evansville, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,530. 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 Evansville, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $92,300 purchase price that means you need to have $18,460 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($923) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $18,460 |
Rent Ready Costs | $0 |
Closing Costs | $923 |
Seller Concessions | $0 |
Total Cost To Close: | $19,383 |
The monthly rent on this Property is $755 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$146 | $60 | $1,164 | $513 | $669 | $2,553 | |
$134 | $113 | $1,057 | $471 | $612 | $2,386 | |
$122 | $161 | $950 | $428 | $554 | $2,215 | |
$109 | $206 | $843 | $385 | $497 | $2,040 | |
$97 | $247 | $736 | $343 | $439 | $1,862 | |
Totals: | $608 | $786 | $4,750 | $2,140 | $2,771 | $11,055 |
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