The Real Estate Financial Planner Blueprint™
Davenport, Iowa 20% DP
Purchased Davenport, Iowa Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Davenport, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,542. 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 Davenport, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $127,100 purchase price that means you need to have $25,420 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,271) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,420 |
Rent Ready Costs | $0 |
Closing Costs | $1,271 |
Seller Concessions | $0 |
Total Cost To Close: | $26,691 |
The monthly rent on this Property is $757 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$911 | -$3,646 | $1,603 | $707 | $940 | $515 | |
$835 | -$3,282 | $1,456 | $649 | $859 | $517 | |
$759 | -$2,920 | $1,309 | $590 | $779 | $516 | |
Totals: | $2,505 | -$9,848 | $4,368 | $1,946 | $2,578 | $1,548 |
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
- Final Month Summary
Reports