The Real Estate Financial Planner Blueprint™
Des Moines, Iowa 20% DP
Purchased Des Moines, Iowa Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Des Moines, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,932. 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 Des Moines, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $127,200 purchase price that means you need to have $25,440 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,272) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,440 |
Rent Ready Costs | $0 |
Closing Costs | $1,272 |
Seller Concessions | $0 |
Total Cost To Close: | $26,712 |
The monthly rent on this Property is $822 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$756 | -$2,981 | $1,605 | $708 | $991 | $1,078 | |
$693 | -$2,672 | $1,457 | $649 | $906 | $1,034 | |
$630 | -$2,365 | $1,310 | $590 | $821 | $987 | |
Totals: | $2,079 | -$8,017 | $4,371 | $1,947 | $2,719 | $3,099 |
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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports