The Real Estate Financial Planner Blueprint™
Billings, Montana 20% DP
Purchased Billings, Montana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Billings, Montana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,166. 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 Billings, Montana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $212,700 purchase price that means you need to have $42,540 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,127) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $42,540 |
Rent Ready Costs | $0 |
Closing Costs | $2,127 |
Seller Concessions | $0 |
Total Cost To Close: | $44,667 |
The monthly rent on this Property is $861 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$4,696 | -$5,600 | $2,683 | $1,183 | $1,236 | $4,198 | |
$4,308 | -$5,054 | $2,439 | $1,087 | $1,130 | $3,911 | |
Totals: | $9,004 | -$10,654 | $5,123 | $2,271 | $2,366 | $8,109 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- 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
- Final Month Summary
Reports