The Real Estate Financial Planner Blueprint™
Kansas City, Kansas 20% DP
Purchased Kansas City, Kansas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Kansas City, Kansas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,160. 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 Kansas City, Kansas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $91,600 purchase price that means you need to have $18,320 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($916) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $18,320 |
Rent Ready Costs | $0 |
Closing Costs | $916 |
Seller Concessions | $0 |
Total Cost To Close: | $19,236 |
The monthly rent on this Property is $860 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,482 | -$826 | $1,155 | $510 | $844 | $202 | |
-$1,358 | -$679 | $1,047 | $466 | $772 | $249 | |
-$1,233 | -$540 | $940 | $423 | $700 | $290 | |
-$1,109 | -$407 | $833 | $381 | $628 | $324 | |
-$985 | -$282 | $726 | $338 | $555 | $352 | |
Totals: | -$6,168 | -$2,733 | $4,701 | $2,118 | $3,499 | $1,417 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports