The Real Estate Financial Planner Blueprint™
Muncie, Indiana 20% DP
Purchased Muncie, Indiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Muncie, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,296. 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 Muncie, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $70,800 purchase price that means you need to have $14,160 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($708) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $14,160 |
Rent Ready Costs | $0 |
Closing Costs | $708 |
Seller Concessions | $0 |
Total Cost To Close: | $14,868 |
The monthly rent on this Property is $716 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$637 | $985 | $893 | $394 | $560 | $2,196 | |
-$583 | $951 | $810 | $361 | $512 | $2,050 | |
-$530 | $913 | $727 | $328 | $464 | $1,902 | |
-$477 | $872 | $645 | $295 | $416 | $1,750 | |
-$424 | $826 | $563 | $262 | $368 | $1,595 | |
-$371 | $777 | $481 | $229 | $319 | $1,436 | |
-$318 | $725 | $400 | $196 | $271 | $1,274 | |
Totals: | -$3,340 | $6,050 | $4,519 | $2,064 | $2,910 | $12,203 |
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