The Real Estate Financial Planner Blueprint™
Fort Wayne, Indiana 20% DP
Purchased Fort Wayne, Indiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Fort Wayne, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,410. 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 Fort Wayne, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $110,600 purchase price that means you need to have $22,120 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,106) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,120 |
Rent Ready Costs | $0 |
Closing Costs | $1,106 |
Seller Concessions | $0 |
Total Cost To Close: | $23,226 |
The monthly rent on this Property is $735 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$594 | -$1,276 | $1,395 | $615 | $761 | $2,090 | |
$545 | -$1,114 | $1,267 | $564 | $696 | $1,958 | |
$495 | -$954 | $1,139 | $513 | $631 | $1,823 | |
$446 | -$798 | $1,011 | $462 | $565 | $1,686 | |
Totals: | $2,080 | -$4,142 | $4,811 | $2,155 | $2,653 | $7,558 |
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