The Real Estate Financial Planner Blueprint™
Flint, Michigan 20% DP
Purchased Flint, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Flint, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,284. 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 Flint, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $28,700 purchase price that means you need to have $5,740 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($287) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $5,740 |
Rent Ready Costs | $0 |
Closing Costs | $287 |
Seller Concessions | $0 |
Total Cost To Close: | $6,027 |
The monthly rent on this Property is $714 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,514 | $3,107 | $362 | $160 | $397 | $1,511 | |
-$2,296 | $2,903 | $326 | $145 | $362 | $1,441 | |
-$2,079 | $2,691 | $291 | $131 | $328 | $1,362 | |
-$1,864 | $2,473 | $256 | $117 | $294 | $1,276 | |
-$1,651 | $2,246 | $222 | $103 | $261 | $1,181 | |
-$1,439 | $2,013 | $188 | $90 | $227 | $1,079 | |
-$1,229 | $1,772 | $156 | $76 | $194 | $968 | |
-$1,020 | $1,523 | $123 | $63 | $160 | $850 | |
-$813 | $1,268 | $92 | $50 | $127 | $723 | |
-$608 | $928 | $60 | $37 | $91 | $509 | |
Totals: | -$15,514 | $20,924 | $2,076 | $971 | $2,442 | $10,899 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports