The Real Estate Financial Planner Blueprint™
Westland, Michigan 20% DP
Purchased Westland, Michigan Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Westland, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,214. 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 Westland, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $112,900 purchase price that means you need to have $22,580 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,129) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,580 |
Rent Ready Costs | $0 |
Closing Costs | $1,129 |
Seller Concessions | $0 |
Total Cost To Close: | $23,709 |
The monthly rent on this Property is $869 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,244 | -$1,107 | $1,424 | $628 | $888 | -$411 | |
-$2,056 | -$945 | $1,290 | $575 | $811 | -$325 | |
-$1,867 | -$788 | $1,157 | $522 | $734 | -$243 | |
-$1,679 | -$637 | $1,025 | $469 | $657 | -$165 | |
Totals: | -$7,846 | -$3,476 | $4,897 | $2,193 | $3,089 | -$1,143 |
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