The Real Estate Financial Planner Blueprint™
Dearborn, Michigan 20% DP
Purchased Dearborn, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Dearborn, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,114. 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 Dearborn, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $134,000 purchase price that means you need to have $26,800 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,340) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $26,800 |
Rent Ready Costs | $0 |
Closing Costs | $1,340 |
Seller Concessions | $0 |
Total Cost To Close: | $28,140 |
The monthly rent on this Property is $1,019 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,421 | -$1,858 | $1,690 | $746 | $1,083 | $240 | |
-$1,302 | -$1,621 | $1,533 | $683 | $990 | $283 | |
-$1,183 | -$1,389 | $1,376 | $620 | $896 | $320 | |
Totals: | -$3,905 | -$4,868 | $4,599 | $2,048 | $2,969 | $843 |
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
- Paid Off Mortgage
- Final Month Summary
Reports