The Real Estate Financial Planner Blueprint™
Detroit, Michigan 20% DP
Purchased 
Detroit, Michigan Average Property 1 Property
Bought in 
Month 1
We have a 
Rule that has you buying the Detroit, Michigan Average Property 1 Property when your 
Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,788. 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 Detroit, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $45,700 purchase price that means you need to have $9,140 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($457) minus any seller concessions ($0).
| Description | Amount |
|---|---|
| Down Payment | $9,140 |
| Rent Ready Costs | $0 |
| Closing Costs | $457 |
| Seller Concessions | $0 |
| Total Cost To Close: | $9,597 |
The monthly rent on this Property is $798 per month.
Return in Dollars + Reserves
| Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
|---|---|---|---|---|---|---|
| Detroit, Michigan Average Property 1 |
-$3,170 | $2,464 | $577 | $254 | $532 | $657 |
| Detroit, Michigan Average Property 2 |
-$2,897 | $2,322 | $520 | $231 | $486 | $662 |
| Detroit, Michigan Average Property 3 |
-$2,626 | $2,171 | $464 | $209 | $440 | $658 |
| Detroit, Michigan Average Property 4 |
-$2,356 | $2,012 | $410 | $187 | $394 | $647 |
| Detroit, Michigan Average Property 5 |
-$2,088 | $1,846 | $356 | $165 | $348 | $627 |
| Detroit, Michigan Average Property 6 |
-$1,822 | $1,671 | $303 | $144 | $303 | $598 |
| Detroit, Michigan Average Property 7 |
-$1,557 | $1,489 | $250 | $122 | $257 | $562 |
| Detroit, Michigan Average Property 8 |
-$1,294 | $1,298 | $199 | $101 | $212 | $517 |
| Detroit, Michigan Average Property 9 |
-$1,032 | $1,100 | $148 | $81 | $168 | $464 |
| Detroit, Michigan Average Property 10 |
-$772 | $822 | $98 | $60 | $120 | $329 |
| Totals: | -$19,616 | $17,196 | $3,323 | $1,556 | $3,261 | $5,720 |
Asset Allocation
How are assets allocated? Let's first look at this month.
Copy
Scenario into my Real Estate Financial Planner™ Software Account
Blueprint™ 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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports