The Real Estate Financial Planner Blueprint™
Kansas City, Missouri 20% DP
Purchased Kansas City, Missouri Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Kansas City, Missouri Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,394. 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 Kansas City, Missouri Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $148,500 purchase price that means you need to have $29,700 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,485) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $29,700 |
Rent Ready Costs | $0 |
Closing Costs | $1,485 |
Seller Concessions | $0 |
Total Cost To Close: | $31,185 |
The monthly rent on this Property is $899 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$405 | -$3,499 | $1,873 | $826 | $1,094 | $699 | |
$372 | -$3,127 | $1,700 | $758 | $1,000 | $703 | |
$338 | -$2,759 | $1,528 | $689 | $906 | $702 | |
Totals: | $1,115 | -$9,385 | $5,102 | $2,273 | $2,999 | $2,104 |
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
- Final Month Summary
Reports