The Real Estate Financial Planner Blueprint™
Warren, Michigan 20% DP
Purchased Warren, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Warren, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,520. 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 Warren, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $111,700 purchase price that means you need to have $22,340 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,117) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,340 |
Rent Ready Costs | $0 |
Closing Costs | $1,117 |
Seller Concessions | $0 |
Total Cost To Close: | $23,457 |
The monthly rent on this Property is $920 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,808 | -$613 | $1,409 | $621 | $899 | $508 | |
-$1,657 | -$487 | $1,277 | $569 | $822 | $524 | |
-$1,505 | -$366 | $1,146 | $516 | $744 | $535 | |
-$1,354 | -$252 | $1,015 | $464 | $666 | $541 | |
Totals: | -$6,324 | -$1,718 | $4,847 | $2,171 | $3,131 | $2,108 |
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