The Real Estate Financial Planner Blueprint™
Gary, Indiana 20% DP
Purchased Gary, Indiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Gary, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,596. 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 Gary, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $67,400 purchase price that means you need to have $13,480 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($674) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $13,480 |
Rent Ready Costs | $0 |
Closing Costs | $674 |
Seller Concessions | $0 |
Total Cost To Close: | $14,154 |
The monthly rent on this Property is $766 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$960 | $1,278 | $850 | $375 | $573 | $2,116 | |
-$880 | $1,223 | $771 | $343 | $524 | $1,981 | |
-$799 | $1,163 | $692 | $312 | $475 | $1,842 | |
-$719 | $1,100 | $613 | $280 | $426 | $1,699 | |
-$639 | $1,031 | $535 | $249 | $376 | $1,553 | |
-$558 | $959 | $457 | $217 | $327 | $1,402 | |
-$478 | $881 | $380 | $186 | $278 | $1,247 | |
-$80 | $362 | $0 | $31 | $29 | $342 | |
Totals: | -$5,112 | $7,997 | $4,297 | $1,993 | $3,007 | $12,182 |
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