The Real Estate Financial Planner Blueprint™
Spokane Valley, Washington 20% DP
Purchased Spokane Valley, Washington Average Property 2 Property
Bought in Month 2
We have a Rule that has you buying the Spokane Valley, Washington Average Property 2 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,418 (which we adjust for inflation to be worth $5,418 in Month 2). The following is a chart showing the balance of Starting with $100K, Earning 7%/year Account from the start of the Scenario to Month 2 after we've adjusted for all the income and expenses for the entire month.
To purchase the Spokane Valley, Washington Average Property 2 Property, we're assuming you're getting a 20% down payment loan. With a $188,838.35 purchase price that means you need to have $37,767.67 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,888.38) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $37,767.67 |
Rent Ready Costs | $0 |
Closing Costs | $1,888.38 |
Seller Concessions | $0 |
Total Cost To Close: | $39,656.05 |
The monthly rent on this Property is $905.87 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$461 | -$4,085 | $2,603 | $1,050 | $1,170 | $1,198 | |
$461 | -$3,331 | $2,382 | $1,051 | $1,112 | $1,674 | |
$461 | -$4,085 | $2,603 | $1,050 | $1,170 | $1,198 | |
$461 | -$3,331 | $2,382 | $1,051 | $1,112 | $1,674 | |
Totals: | $1,843 | -$14,833 | $9,969 | $4,202 | $4,564 | $5,745 |
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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports