The Real Estate Financial Planner Blueprint™
Independence, Missouri 20% DP
Purchased Independence, Missouri Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Independence, Missouri Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,034. 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 Independence, Missouri Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $107,300 purchase price that means you need to have $21,460 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,073) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $21,460 |
Rent Ready Costs | $0 |
Closing Costs | $1,073 |
Seller Concessions | $0 |
Total Cost To Close: | $22,533 |
The monthly rent on this Property is $839 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$647 | -$873 | $1,354 | $597 | $839 | $1,270 | |
-$593 | -$728 | $1,228 | $547 | $767 | $1,222 | |
-$539 | -$588 | $1,102 | $497 | $695 | $1,168 | |
-$485 | -$454 | $978 | $447 | $623 | $1,110 | |
Totals: | -$2,263 | -$2,642 | $4,661 | $2,088 | $2,926 | $4,770 |
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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports