The Real Estate Financial Planner Blueprint™
Canton, Ohio 20% DP
Purchased Canton, Ohio Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Canton, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $3,912. 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 Canton, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $70,000 purchase price that means you need to have $14,000 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($700) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $14,000 |
Rent Ready Costs | $0 |
Closing Costs | $700 |
Seller Concessions | $0 |
Total Cost To Close: | $14,700 |
The monthly rent on this Property is $652 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$1,356 | $596 | $883 | $389 | $556 | $1,068 | |
-$1,242 | $598 | $800 | $356 | $508 | $1,020 | |
-$1,128 | $596 | $718 | $323 | $460 | $969 | |
-$1,015 | $589 | $636 | $291 | $412 | $913 | |
-$901 | $578 | $554 | $258 | $364 | $854 | |
-$788 | $563 | $474 | $225 | $316 | $790 | |
-$675 | $542 | $393 | $193 | $268 | $722 | |
Totals: | -$7,104 | $4,062 | $4,458 | $2,036 | $2,885 | $6,335 |
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