The Real Estate Financial Planner Blueprint™
Hammond, Indiana 20% DP

Purchased Hammond, Indiana Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Hammond, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,250. 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 Hammond, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $89,300 purchase price that means you need to have $17,860 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($893) minus any seller concessions ($0).

Description Amount
Down Payment $17,860
Rent Ready Costs $0
Closing Costs $893
Seller Concessions $0
Total Cost To Close: $18,753

The monthly rent on this Property is $875 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Hammond, Indiana Average Property 1 -$1,173 $1,081 $1,126 $497 $712 $2,244
Hammond, Indiana Average Property 2 -$1,075 $1,055 $1,021 $455 $651 $2,108
Hammond, Indiana Average Property 3 -$977 $1,024 $916 $413 $590 $1,967
Hammond, Indiana Average Property 4 -$878 $988 $812 $371 $529 $1,822
Hammond, Indiana Average Property 5 -$780 $946 $709 $330 $467 $1,671
Totals: -$4,883 $5,094 $4,585 $2,066 $2,950 $9,812

Asset Allocation

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

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