The Real Estate Financial Planner Blueprint™
Sioux City, Iowa 20% DP
Purchased Sioux City, Iowa Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Sioux City, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,512. 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 Sioux City, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $110,300 purchase price that means you need to have $22,060 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,103) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,060 |
Rent Ready Costs | $0 |
Closing Costs | $1,103 |
Seller Concessions | $0 |
Total Cost To Close: | $23,163 |
The monthly rent on this Property is $752 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,127 | -$1,989 | $1,391 | $614 | $851 | $2,994 | |
$1,952 | -$1,769 | $1,265 | $564 | $779 | $2,791 | |
$1,776 | -$1,550 | $1,138 | $513 | $707 | $2,584 | |
$1,599 | -$1,333 | $1,012 | $463 | $635 | $2,375 | |
Totals: | $7,454 | -$6,641 | $4,806 | $2,153 | $2,972 | $10,744 |
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
- Final Month Summary
Reports