The Real Estate Financial Planner Blueprint™
Cincinnati, Ohio 20% DP
Purchased Cincinnati, Ohio Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Cincinnati, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,254. 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 Cincinnati, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $129,100 purchase price that means you need to have $25,820 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,291) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,820 |
Rent Ready Costs | $0 |
Closing Costs | $1,291 |
Seller Concessions | $0 |
Total Cost To Close: | $27,111 |
The monthly rent on this Property is $709 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$786 | -$3,299 | $1,629 | $718 | $904 | -$834 | |
-$720 | -$2,957 | $1,477 | $658 | $826 | -$716 | |
-$655 | -$2,619 | $1,327 | $598 | $748 | -$601 | |
Totals: | -$2,161 | -$8,875 | $4,432 | $1,974 | $2,477 | -$2,152 |
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
- Final Month Summary
Reports