The Real Estate Financial Planner Blueprint™
Brooklyn Park, Minnesota 20% DP
Purchased Brooklyn Park, Minnesota Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Brooklyn Park, Minnesota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,036. 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 Brooklyn Park, Minnesota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $208,800 purchase price that means you need to have $41,760 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,088) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $41,760 |
Rent Ready Costs | $0 |
Closing Costs | $2,088 |
Seller Concessions | $0 |
Total Cost To Close: | $43,848 |
The monthly rent on this Property is $1,006 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,091 | -$5,442 | $2,634 | $1,162 | $1,334 | -$2,402 | |
-$1,916 | -$4,884 | $2,388 | $1,064 | $1,218 | -$2,130 | |
Totals: | -$4,006 | -$10,326 | $5,022 | $2,226 | $2,552 | -$4,532 |
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
- Final Month Summary
Reports