The Real Estate Financial Planner Blueprint™
Sterling Heights, Michigan 20% DP
Purchased Sterling Heights, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Sterling Heights, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,000. 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 Sterling Heights, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $175,400 purchase price that means you need to have $35,080 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,754) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $35,080 |
Rent Ready Costs | $0 |
Closing Costs | $1,754 |
Seller Concessions | $0 |
Total Cost To Close: | $36,834 |
The monthly rent on this Property is $1,000 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$177 | -$3,408 | $2,213 | $976 | $1,204 | $808 | |
-$162 | -$3,031 | $2,008 | $894 | $1,100 | $809 | |
Totals: | -$340 | -$6,439 | $4,220 | $1,870 | $2,305 | $1,616 |
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
- Final Month Summary
Reports