The Real Estate Financial Planner Blueprint™
Columbia, Missouri 20% DP
Purchased Columbia, Missouri Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Columbia, Missouri Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,124. 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 Columbia, Missouri Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $185,700 purchase price that means you need to have $37,140 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,857) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $37,140 |
Rent Ready Costs | $0 |
Closing Costs | $1,857 |
Seller Concessions | $0 |
Total Cost To Close: | $38,997 |
The monthly rent on this Property is $854 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,883 | -$5,828 | $2,343 | $1,033 | $1,245 | $676 | |
$1,726 | -$5,264 | $2,128 | $948 | $1,138 | $676 | |
Totals: | $3,609 | -$11,091 | $4,470 | $1,981 | $2,383 | $1,352 |
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
- Achieved Financial Independence Goal
- Final Month Summary
Reports