The Real Estate Financial Planner Blueprint™
Montgomery, Alabama 20% DP

Purchased Montgomery, Alabama Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Montgomery, Alabama Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,202. 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 Montgomery, Alabama Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $119,600 purchase price that means you need to have $23,920 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,196) minus any seller concessions ($0).

Description Amount
Down Payment $23,920
Rent Ready Costs $0
Closing Costs $1,196
Seller Concessions $0
Total Cost To Close: $25,116

The monthly rent on this Property is $867 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Montgomery, Alabama Average Property 1 -$543 -$1,097 $1,509 $665 $856 $1,390
Montgomery, Alabama Average Property 2 -$497 -$931 $1,369 $610 $782 $1,332
Montgomery, Alabama Average Property 3 -$452 -$770 $1,229 $554 $709 $1,270
Montgomery, Alabama Average Property 4 -$135 $121 $269 $166 $187 $608
Totals: -$1,628 -$2,677 $4,376 $1,995 $2,534 $4,600

Asset Allocation

How are assets allocated? Let's first look at this month.

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