The Real Estate Financial Planner Blueprint™
Akron, Ohio 20% DP
Purchased Akron, Ohio Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Akron, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,410. 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 Akron, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $81,400 purchase price that means you need to have $16,280 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($814) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $16,280 |
Rent Ready Costs | $0 |
Closing Costs | $814 |
Seller Concessions | $0 |
Total Cost To Close: | $17,094 |
The monthly rent on this Property is $735 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,214 | $56 | $1,027 | $453 | $663 | $984 | |
-$1,112 | $106 | $931 | $414 | $606 | $945 | |
-$1,010 | $152 | $835 | $376 | $548 | $902 | |
-$909 | $194 | $740 | $338 | $491 | $855 | |
-$807 | $231 | $646 | $300 | $434 | $804 | |
-$605 | $293 | $458 | $225 | $320 | $691 | |
Totals: | -$5,657 | $1,032 | $4,637 | $2,107 | $3,062 | $5,181 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports