The Real Estate Financial Planner Blueprint™
Kennewick, Washington 20% DP
Purchased Kennewick, Washington Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Kennewick, Washington Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,334. 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 Kennewick, Washington Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $196,100 purchase price that means you need to have $39,220 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,961) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $39,220 |
Rent Ready Costs | $0 |
Closing Costs | $1,961 |
Seller Concessions | $0 |
Total Cost To Close: | $41,181 |
The monthly rent on this Property is $889 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$3,777 | -$3,571 | $2,474 | $1,091 | $1,092 | $4,862 | |
$3,465 | -$3,197 | $2,249 | $1,002 | $998 | $4,516 | |
Totals: | $7,241 | -$6,768 | $4,722 | $2,093 | $2,090 | $9,379 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports