The Real Estate Financial Planner Blueprint™
Meriden, Connecticut 20% DP

Purchased Meriden, Connecticut Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Meriden, Connecticut Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,000. 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 Meriden, Connecticut Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $172,200 purchase price that means you need to have $34,440 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,722) minus any seller concessions ($0).

Description Amount
Down Payment $34,440
Rent Ready Costs $0
Closing Costs $1,722
Seller Concessions $0
Total Cost To Close: $36,162

The monthly rent on this Property is $1,000 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Meriden, Connecticut Average Property 1 -$3,597 -$4,638 $2,172 $958 $1,240 -$3,865
Meriden, Connecticut Average Property 2 -$3,294 -$4,151 $1,968 $876 $1,131 -$3,470
Totals: -$6,891 -$8,789 $4,140 $1,834 $2,371 -$7,335

Asset Allocation

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

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