The Real Estate Financial Planner Blueprint™
Royal Oak, Michigan 20% DP
Purchased Royal Oak, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Royal Oak, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,252. 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 Royal Oak, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $210,200 purchase price that means you need to have $42,040 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,102) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $42,040 |
Rent Ready Costs | $0 |
Closing Costs | $2,102 |
Seller Concessions | $0 |
Total Cost To Close: | $44,142 |
The monthly rent on this Property is $1,042 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$3,279 | -$5,693 | $2,652 | $1,170 | $1,409 | $2,816 | |
$3,007 | -$5,135 | $2,409 | $1,074 | $1,288 | $2,644 | |
Totals: | $6,286 | -$10,828 | $5,061 | $2,243 | $2,697 | $5,460 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Final Month Summary
Reports