The Real Estate Financial Planner Blueprint™
Parma, Ohio 20% DP
Purchased Parma, Ohio Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Parma, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,998. 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 Parma, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $112,100 purchase price that means you need to have $22,420 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,121) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,420 |
Rent Ready Costs | $0 |
Closing Costs | $1,121 |
Seller Concessions | $0 |
Total Cost To Close: | $23,541 |
The monthly rent on this Property is $833 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,033 | -$1,505 | $1,414 | $624 | $883 | -$617 | |
-$1,862 | -$1,310 | $1,281 | $571 | $807 | -$514 | |
-$1,692 | -$1,121 | $1,150 | $518 | $730 | -$415 | |
-$1,521 | -$937 | $1,018 | $465 | $653 | -$321 | |
Totals: | -$7,108 | -$4,874 | $4,863 | $2,178 | $3,073 | -$1,867 |
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
- Final Month Summary
Reports