The Real Estate Financial Planner Blueprint™
Ann Arbor, Michigan 20% DP
Purchased Ann Arbor, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Ann Arbor, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $7,278. 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 Ann Arbor, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $298,400 purchase price that means you need to have $59,680 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,984) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $59,680 |
Rent Ready Costs | $0 |
Closing Costs | $2,984 |
Seller Concessions | $0 |
Total Cost To Close: | $62,664 |
The monthly rent on this Property is $1,213 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$7,067 | -$10,811 | $3,764 | $1,660 | $1,993 | $3,674 | |
Totals: | $7,067 | -$10,811 | $3,764 | $1,660 | $1,993 | $3,674 |
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
- Paid Off Mortgage
- 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
- Final Month Summary
Reports