The Real Estate Financial Planner Blueprint™
Colorado Springs, Colorado 20% DP

Purchased Colorado Springs, Colorado Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Colorado Springs, Colorado Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,432. 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 Colorado Springs, Colorado Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $248,700 purchase price that means you need to have $49,740 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,487) minus any seller concessions ($0).

Description Amount
Down Payment $49,740
Rent Ready Costs $0
Closing Costs $2,487
Seller Concessions $0
Total Cost To Close: $52,227

The monthly rent on this Property is $1,072 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Colorado Springs, Colorado Average Property 1 $3,710 -$3,995 $3,137 $1,384 $1,321 $5,556
Totals: $3,710 -$3,995 $3,137 $1,384 $1,321 $5,556

Asset Allocation

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

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