The Real Estate Financial Planner Blueprint™
South Bend, Indiana 20% DP
Purchased South Bend, Indiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the South Bend, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,602. 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 South Bend, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $82,500 purchase price that means you need to have $16,500 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($825) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $16,500 |
Rent Ready Costs | $0 |
Closing Costs | $825 |
Seller Concessions | $0 |
Total Cost To Close: | $17,325 |
The monthly rent on this Property is $767 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$733 | $223 | $1,041 | $459 | $631 | $1,620 | |
-$672 | $254 | $944 | $420 | $576 | $1,522 | |
-$610 | $281 | $847 | $382 | $522 | $1,422 | |
-$549 | $305 | $751 | $343 | $468 | $1,319 | |
-$488 | $326 | $656 | $305 | $413 | $1,212 | |
-$244 | $375 | $278 | $152 | $195 | $756 | |
Totals: | -$3,295 | $1,763 | $4,517 | $2,062 | $2,805 | $7,851 |
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