The Real Estate Financial Planner Blueprint™
Livonia, Michigan 20% DP
Purchased Livonia, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Livonia, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,258. 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 Livonia, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $180,300 purchase price that means you need to have $36,060 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,803) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $36,060 |
Rent Ready Costs | $0 |
Closing Costs | $1,803 |
Seller Concessions | $0 |
Total Cost To Close: | $37,863 |
The monthly rent on this Property is $1,043 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$568 | -$3,550 | $2,274 | $1,003 | $1,254 | $414 | |
-$520 | -$3,161 | $2,064 | $919 | $1,146 | $447 | |
Totals: | -$1,088 | -$6,712 | $4,338 | $1,922 | $2,400 | $861 |
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
- Final Month Summary
Reports