The Real Estate Financial Planner Blueprint™
Eau Claire, Wisconsin 20% DP
Purchased Eau Claire, Wisconsin Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Eau Claire, Wisconsin Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,890. 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 Eau Claire, Wisconsin Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $146,200 purchase price that means you need to have $29,240 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,462) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $29,240 |
Rent Ready Costs | $0 |
Closing Costs | $1,462 |
Seller Concessions | $0 |
Total Cost To Close: | $30,702 |
The monthly rent on this Property is $815 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$601 | -$3,279 | $1,844 | $813 | $1,009 | $988 | |
$551 | -$2,934 | $1,674 | $746 | $922 | $960 | |
$501 | -$2,592 | $1,505 | $678 | $835 | $928 | |
Totals: | $1,653 | -$8,805 | $5,023 | $2,238 | $2,767 | $2,876 |
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
- Final Month Summary
Reports