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

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

We have a Rule that has you buying the Springfield, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,734. 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 Springfield, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $127,500 purchase price that means you need to have $25,500 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,275) minus any seller concessions ($0).

Description Amount
Down Payment $25,500
Rent Ready Costs $0
Closing Costs $1,275
Seller Concessions $0
Total Cost To Close: $26,775

The monthly rent on this Property is $789 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Springfield, Illinois Average Property 1 $1,151 -$2,907 $1,608 $709 $956 $1,517
Springfield, Illinois Average Property 2 $1,055 -$2,603 $1,461 $651 $875 $1,439
Springfield, Illinois Average Property 3 $960 -$2,301 $1,313 $592 $793 $1,357
Totals: $3,166 -$7,811 $4,382 $1,952 $2,624 $4,313

Asset Allocation

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

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