The Real Estate Financial Planner Blueprint™
Kalamazoo, Michigan 20% DP
Purchased Kalamazoo, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Kalamazoo, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,650. 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 Kalamazoo, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $103,700 purchase price that means you need to have $20,740 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,037) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $20,740 |
Rent Ready Costs | $0 |
Closing Costs | $1,037 |
Seller Concessions | $0 |
Total Cost To Close: | $21,777 |
The monthly rent on this Property is $775 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$562 | -$1,481 | $1,308 | $577 | $839 | $681 | |
-$515 | -$1,301 | $1,187 | $529 | $766 | $666 | |
-$468 | -$1,124 | $1,066 | $480 | $694 | $648 | |
-$421 | -$951 | $945 | $432 | $622 | $628 | |
Totals: | -$1,966 | -$4,856 | $4,506 | $2,018 | $2,921 | $2,623 |
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
- Final Month Summary
Reports