The Real Estate Financial Planner Blueprint™
Cleveland, Ohio 20% DP
Purchased Cleveland, Ohio Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Cleveland, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,200. 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 Cleveland, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $68,500 purchase price that means you need to have $13,700 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($685) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $13,700 |
Rent Ready Costs | $0 |
Closing Costs | $685 |
Seller Concessions | $0 |
Total Cost To Close: | $14,385 |
The monthly rent on this Property is $700 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,066 | $608 | $864 | $381 | $586 | $373 | |
-$1,891 | $613 | $782 | $348 | $535 | $387 | |
-$1,717 | $612 | $701 | $316 | $484 | $396 | |
-$1,544 | $606 | $620 | $284 | $434 | $400 | |
-$1,370 | $595 | $541 | $251 | $383 | $400 | |
-$1,198 | $578 | $461 | $219 | $333 | $394 | |
-$1,025 | $556 | $383 | $188 | $282 | $384 | |
Totals: | -$10,811 | $4,168 | $4,352 | $1,987 | $3,037 | $2,733 |
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