The Real Estate Financial Planner Blueprint™
Springfield, Missouri 20% DP
Purchased Springfield, Missouri Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Springfield, Missouri Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,380. 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 Springfield, Missouri Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $115,200 purchase price that means you need to have $23,040 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,152) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $23,040 |
Rent Ready Costs | $0 |
Closing Costs | $1,152 |
Seller Concessions | $0 |
Total Cost To Close: | $24,192 |
The monthly rent on this Property is $730 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,493 | -$2,003 | $1,453 | $641 | $815 | $2,399 | |
$1,370 | -$1,782 | $1,320 | $588 | $746 | $2,242 | |
$1,246 | -$1,562 | $1,187 | $535 | $676 | $2,082 | |
$1,122 | -$1,345 | $1,055 | $482 | $606 | $1,920 | |
Totals: | $5,230 | -$6,692 | $5,016 | $2,247 | $2,842 | $8,643 |
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
- Final Month Summary
Reports