The Real Estate Financial Planner Blueprint™
Sioux Falls, South Dakota 20% DP
Purchased Sioux Falls, South Dakota Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Sioux Falls, South Dakota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,746. 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 Sioux Falls, South Dakota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $175,100 purchase price that means you need to have $35,020 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,751) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $35,020 |
Rent Ready Costs | $0 |
Closing Costs | $1,751 |
Seller Concessions | $0 |
Total Cost To Close: | $36,771 |
The monthly rent on this Property is $791 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,830 | -$6,119 | $2,209 | $974 | $1,210 | $1,104 | |
$2,595 | -$5,549 | $2,007 | $894 | $1,107 | $1,055 | |
Totals: | $5,425 | -$11,668 | $4,216 | $1,869 | $2,317 | $2,159 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- 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
- Final Month Summary
Reports