The Real Estate Financial Planner Blueprint™
Kokomo, Indiana 20% DP
Purchased Kokomo, Indiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Kokomo, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,152. 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 Kokomo, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $87,100 purchase price that means you need to have $17,420 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($871) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $17,420 |
Rent Ready Costs | $0 |
Closing Costs | $871 |
Seller Concessions | $0 |
Total Cost To Close: | $18,291 |
The monthly rent on this Property is $692 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$273 | -$26 | $1,099 | $485 | $618 | $1,902 | |
-$251 | $27 | $997 | $444 | $565 | $1,782 | |
-$228 | $77 | $895 | $404 | $511 | $1,660 | |
-$205 | $124 | $794 | $363 | $458 | $1,534 | |
-$182 | $167 | $694 | $323 | $405 | $1,406 | |
Totals: | -$1,139 | $369 | $4,479 | $2,018 | $2,557 | $8,284 |
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