The Real Estate Financial Planner Blueprint™
Fort Lauderdale, Florida 20% DP

Purchased Fort Lauderdale, Florida Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Fort Lauderdale, Florida Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $7,344. 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 Fort Lauderdale, Florida Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $318,200 purchase price that means you need to have $63,640 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($3,182) minus any seller concessions ($0).

Description Amount
Down Payment $63,640
Rent Ready Costs $0
Closing Costs $3,182
Seller Concessions $0
Total Cost To Close: $66,822

The monthly rent on this Property is $1,224 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Fort Lauderdale, Florida Average Property 1 -$541 -$11,866 $4,014 $1,770 $2,045 -$4,577
Totals: -$541 -$11,866 $4,014 $1,770 $2,045 -$4,577

Asset Allocation

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

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