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

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

We have a Rule that has you buying the Fort Myers, Florida Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,814. 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 Myers, Florida Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $208,200 purchase price that means you need to have $41,640 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,082) minus any seller concessions ($0).

Description Amount
Down Payment $41,640
Rent Ready Costs $0
Closing Costs $2,082
Seller Concessions $0
Total Cost To Close: $43,722

The monthly rent on this Property is $969 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Fort Myers, Florida Average Property 1 $2,780 -$7,387 $2,626 $1,158 $1,438 $615
Fort Myers, Florida Average Property 2 $2,550 -$6,695 $2,386 $1,063 $1,314 $618
Totals: $5,330 -$14,083 $5,012 $2,222 $2,752 $1,233

Asset Allocation

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

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