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

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

We have a Rule that has you buying the Joliet, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,066. 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 Joliet, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $172,400 purchase price that means you need to have $34,480 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,724) minus any seller concessions ($0).

Description Amount
Down Payment $34,480
Rent Ready Costs $0
Closing Costs $1,724
Seller Concessions $0
Total Cost To Close: $36,204

The monthly rent on this Property is $1,011 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Joliet, Illinois Average Property 1 -$3,135 -$4,955 $2,175 $959 $1,324 -$3,633
Joliet, Illinois Average Property 2 -$2,872 -$4,434 $1,971 $878 $1,208 -$3,248
Totals: -$6,007 -$9,389 $4,145 $1,837 $2,532 -$6,881

Asset Allocation

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

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