The Real Estate Financial Planner Blueprint™
St. Clair Shores, Michigan 20% DP
Purchased St. Clair Shores, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the St. Clair Shores, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,982. 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 St. Clair Shores, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $125,500 purchase price that means you need to have $25,100 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,255) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,100 |
Rent Ready Costs | $0 |
Closing Costs | $1,255 |
Seller Concessions | $0 |
Total Cost To Close: | $26,355 |
The monthly rent on this Property is $997 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,505 | -$396 | $1,583 | $698 | $961 | $1,342 | |
-$1,379 | -$277 | $1,435 | $639 | $879 | $1,298 | |
-$1,253 | -$164 | $1,288 | $581 | $796 | $1,248 | |
Totals: | -$4,136 | -$837 | $4,307 | $1,918 | $2,636 | $3,888 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports