The Real Estate Financial Planner Blueprint™
St. Charles, Missouri 20% DP
Purchased St. Charles, Missouri Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the St. Charles, Missouri Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,754. 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. Charles, Missouri Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $188,600 purchase price that means you need to have $37,720 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,886) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $37,720 |
Rent Ready Costs | $0 |
Closing Costs | $1,886 |
Seller Concessions | $0 |
Total Cost To Close: | $39,606 |
The monthly rent on this Property is $959 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$558 | -$5,716 | $2,379 | $1,049 | $1,327 | -$1,518 | |
-$512 | -$5,143 | $2,159 | $962 | $1,213 | -$1,322 | |
Totals: | -$1,070 | -$10,859 | $4,538 | $2,011 | $2,540 | -$2,840 |
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
- Final Month Summary
Reports