The Real Estate Financial Planner Blueprint™
Ames, Iowa 20% DP
Purchased Ames, Iowa Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Ames, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,430. 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 Ames, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $196,400 purchase price that means you need to have $39,280 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,964) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $39,280 |
Rent Ready Costs | $0 |
Closing Costs | $1,964 |
Seller Concessions | $0 |
Total Cost To Close: | $41,244 |
The monthly rent on this Property is $905 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,753 | -$6,122 | $2,477 | $1,093 | $1,332 | $1,533 | |
$2,525 | -$5,534 | $2,251 | $1,003 | $1,218 | $1,463 | |
Totals: | $5,277 | -$11,656 | $4,728 | $2,096 | $2,550 | $2,995 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- 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
- Final Month Summary
Reports