The Real Estate Financial Planner Blueprint™
Hammond, Indiana 20% DP
Purchased Hammond, Indiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Hammond, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,250. 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 Hammond, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $89,300 purchase price that means you need to have $17,860 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($893) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $17,860 |
Rent Ready Costs | $0 |
Closing Costs | $893 |
Seller Concessions | $0 |
Total Cost To Close: | $18,753 |
The monthly rent on this Property is $875 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,173 | $1,081 | $1,126 | $497 | $712 | $2,244 | |
-$1,075 | $1,055 | $1,021 | $455 | $651 | $2,108 | |
-$977 | $1,024 | $916 | $413 | $590 | $1,967 | |
-$878 | $988 | $812 | $371 | $529 | $1,822 | |
-$780 | $946 | $709 | $330 | $467 | $1,671 | |
Totals: | -$4,883 | $5,094 | $4,585 | $2,066 | $2,950 | $9,812 |
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
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports