The Real Estate Financial Planner Blueprint™
Lansing, Michigan 20% DP
Purchased Lansing, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Lansing, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,842. 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 Lansing, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $80,000 purchase price that means you need to have $16,000 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($800) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $16,000 |
Rent Ready Costs | $0 |
Closing Costs | $800 |
Seller Concessions | $0 |
Total Cost To Close: | $16,800 |
The monthly rent on this Property is $807 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,277 | $301 | $1,009 | $445 | $706 | $184 | |
-$2,084 | $338 | $914 | $407 | $644 | $219 | |
-$1,893 | $370 | $819 | $369 | $583 | $249 | |
-$1,701 | $396 | $725 | $331 | $522 | $273 | |
-$1,511 | $415 | $632 | $294 | $462 | $292 | |
-$1,320 | $429 | $539 | $256 | $401 | $305 | |
Totals: | -$10,786 | $2,249 | $4,637 | $2,102 | $3,318 | $1,522 |
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
- Final Month Summary
Reports