The Real Estate Financial Planner Blueprint™
Chicago, Illinois 20% DP

Purchased Chicago, Illinois Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Chicago, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,462. 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 Chicago, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $246,500 purchase price that means you need to have $49,300 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,465) minus any seller concessions ($0).

Description Amount
Down Payment $49,300
Rent Ready Costs $0
Closing Costs $2,465
Seller Concessions $0
Total Cost To Close: $51,765

The monthly rent on this Property is $1,077 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Chicago, Illinois Average Property 1 -$3,482 -$7,603 $3,110 $1,371 $1,587 -$5,017
Totals: -$3,482 -$7,603 $3,110 $1,371 $1,587 -$5,017

Asset Allocation

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

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