The Real Estate Financial Planner Blueprint™
St. Cloud, Minnesota 20% DP
Purchased St. Cloud, Minnesota Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the St. Cloud, Minnesota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,572. 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 St. Cloud, Minnesota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $149,200 purchase price that means you need to have $29,840 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,492) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $29,840 |
Rent Ready Costs | $0 |
Closing Costs | $1,492 |
Seller Concessions | $0 |
Total Cost To Close: | $31,332 |
The monthly rent on this Property is $762 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,658 | -$2,987 | $1,882 | $830 | $946 | -$987 | |
-$1,519 | -$2,667 | $1,706 | $760 | $863 | -$856 | |
-$1,380 | -$2,351 | $1,532 | $690 | $780 | -$729 | |
Totals: | -$4,557 | -$8,005 | $5,120 | $2,280 | $2,589 | -$2,572 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Final Month Summary
Reports