The Real Estate Financial Planner Blueprint™
Lorain, Ohio 20% DP
Purchased Lorain, Ohio Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Lorain, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,182. 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 Lorain, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $85,400 purchase price that means you need to have $17,080 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($854) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $17,080 |
Rent Ready Costs | $0 |
Closing Costs | $854 |
Seller Concessions | $0 |
Total Cost To Close: | $17,934 |
The monthly rent on this Property is $697 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,057 | -$299 | $1,077 | $475 | $657 | -$146 | |
-$1,884 | -$215 | $976 | $435 | $600 | -$88 | |
-$1,711 | -$136 | $875 | $394 | $543 | -$34 | |
-$1,538 | -$62 | $775 | $354 | $486 | $15 | |
-$1,366 | $7 | $675 | $314 | $429 | $60 | |
Totals: | -$8,555 | -$703 | $4,378 | $1,972 | $2,716 | -$193 |
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