The Real Estate Financial Planner Blueprint™
Columbus, Ohio 20% DP
Purchased Columbus, Ohio Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Columbus, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,568. 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 Columbus, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $143,000 purchase price that means you need to have $28,600 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,430) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $28,600 |
Rent Ready Costs | $0 |
Closing Costs | $1,430 |
Seller Concessions | $0 |
Total Cost To Close: | $30,030 |
The monthly rent on this Property is $928 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$11 | -$2,230 | $1,804 | $796 | $1,034 | $1,414 | |
$10 | -$1,963 | $1,637 | $729 | $945 | $1,359 | |
$10 | -$1,701 | $1,471 | $663 | $856 | $1,298 | |
Totals: | $31 | -$5,895 | $4,912 | $2,188 | $2,835 | $4,071 |
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
- Final Month Summary
Reports