The Real Estate Financial Planner Blueprint™
Racine, Wisconsin 20% DP
Purchased Racine, Wisconsin Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Racine, Wisconsin Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,944. 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 Racine, Wisconsin Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $105,300 purchase price that means you need to have $21,060 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,053) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $21,060 |
Rent Ready Costs | $0 |
Closing Costs | $1,053 |
Seller Concessions | $0 |
Total Cost To Close: | $22,113 |
The monthly rent on this Property is $824 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$2,493 | -$1,428 | $1,328 | $586 | $860 | -$1,147 | |
-$2,283 | -$1,232 | $1,203 | $536 | $785 | -$991 | |
-$2,074 | -$1,043 | $1,079 | $486 | $711 | -$841 | |
-$1,864 | -$860 | $955 | $437 | $636 | -$696 | |
Totals: | -$8,714 | -$4,563 | $4,565 | $2,044 | $2,992 | -$3,675 |
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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports