The Real Estate Financial Planner Blueprint™
Milwaukee, Wisconsin 20% DP
Purchased Milwaukee, Wisconsin Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Milwaukee, Wisconsin 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 Milwaukee, Wisconsin Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $118,000 purchase price that means you need to have $23,600 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,180) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $23,600 |
Rent Ready Costs | $0 |
Closing Costs | $1,180 |
Seller Concessions | $0 |
Total Cost To Close: | $24,780 |
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 |
---|---|---|---|---|---|---|
-$2,488 | -$2,079 | $1,489 | $657 | $933 | -$1,490 | |
-$2,279 | -$1,829 | $1,348 | $600 | $852 | -$1,307 | |
-$2,070 | -$1,585 | $1,209 | $545 | $771 | -$1,129 | |
-$617 | -$119 | $262 | $161 | $205 | -$107 | |
Totals: | -$7,454 | -$5,611 | $4,309 | $1,963 | $2,759 | -$4,034 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports