The Real Estate Financial Planner Blueprint™
Cedar Rapids, Iowa 20% DP
Purchased Cedar Rapids, Iowa Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Cedar Rapids, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,506. 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 Cedar Rapids, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $140,200 purchase price that means you need to have $28,040 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,402) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $28,040 |
Rent Ready Costs | $0 |
Closing Costs | $1,402 |
Seller Concessions | $0 |
Total Cost To Close: | $29,442 |
The monthly rent on this Property is $751 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$978 | -$4,421 | $1,769 | $780 | $1,019 | $124 | |
$896 | -$3,990 | $1,606 | $716 | $932 | $160 | |
$815 | -$3,562 | $1,444 | $651 | $844 | $192 | |
Totals: | $2,689 | -$11,973 | $4,818 | $2,146 | $2,795 | $476 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Final Month Summary
Reports