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

Purchased New Britain, Connecticut Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the New Britain, Connecticut Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,868. 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 New Britain, Connecticut Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $159,300 purchase price that means you need to have $31,860 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,593) minus any seller concessions ($0).

Description Amount
Down Payment $31,860
Rent Ready Costs $0
Closing Costs $1,593
Seller Concessions $0
Total Cost To Close: $33,453

The monthly rent on this Property is $978 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
New Britain, Connecticut Average Property 1 -$2,039 -$4,095 $2,010 $886 $1,196 -$2,042
New Britain, Connecticut Average Property 2 -$1,868 -$3,661 $1,822 $811 $1,092 -$1,803
Totals: -$3,906 -$7,757 $3,831 $1,698 $2,289 -$3,845

Asset Allocation

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

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