The Real Estate Financial Planner Blueprint™
Rochester, Minnesota 20% DP
Purchased Rochester, Minnesota Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Rochester, Minnesota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,652. 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 Rochester, Minnesota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $188,000 purchase price that means you need to have $37,600 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,880) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $37,600 |
Rent Ready Costs | $0 |
Closing Costs | $1,880 |
Seller Concessions | $0 |
Total Cost To Close: | $39,480 |
The monthly rent on this Property is $942 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,279 | -$4,062 | $2,372 | $1,046 | $1,197 | $2,832 | |
$2,090 | -$3,643 | $2,154 | $960 | $1,095 | $2,656 | |
Totals: | $4,369 | -$7,704 | $4,526 | $2,006 | $2,292 | $5,488 |
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
- Final Month Summary
Reports