The Real Estate Financial Planner Blueprint™
Topeka, Kansas 20% DP
Purchased Topeka, Kansas Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Topeka, Kansas Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,740. 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 Topeka, Kansas Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $102,600 purchase price that means you need to have $20,520 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,026) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $20,520 |
Rent Ready Costs | $0 |
Closing Costs | $1,026 |
Seller Concessions | $0 |
Total Cost To Close: | $21,546 |
The monthly rent on this Property is $790 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$466 | -$2,453 | $1,294 | $571 | $872 | $751 | |
$427 | -$2,185 | $1,175 | $523 | $798 | $739 | |
$388 | -$1,922 | $1,056 | $476 | $724 | $723 | |
$350 | -$1,663 | $937 | $429 | $650 | $703 | |
Totals: | $1,631 | -$8,223 | $4,463 | $1,999 | $3,044 | $2,915 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports