The Real Estate Financial Planner Blueprint™
Spokane, Washington 20% DP
Purchased Spokane, Washington Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Spokane, Washington Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,052. 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 Spokane, Washington Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $174,300 purchase price that means you need to have $34,860 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,743) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $34,860 |
Rent Ready Costs | $0 |
Closing Costs | $1,743 |
Seller Concessions | $0 |
Total Cost To Close: | $36,603 |
The monthly rent on this Property is $842 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,243 | -$2,858 | $2,199 | $970 | $1,011 | $2,565 | |
$1,140 | -$2,539 | $1,997 | $890 | $924 | $2,411 | |
Totals: | $2,384 | -$5,398 | $4,195 | $1,859 | $1,934 | $4,975 |
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
- Final Month Summary
Reports