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

Purchased South Bend, Indiana Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the South Bend, Indiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,602. 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 South Bend, Indiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $82,500 purchase price that means you need to have $16,500 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($825) minus any seller concessions ($0).

Description Amount
Down Payment $16,500
Rent Ready Costs $0
Closing Costs $825
Seller Concessions $0
Total Cost To Close: $17,325

The monthly rent on this Property is $767 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
South Bend, Indiana Average Property 1 -$733 $223 $1,041 $459 $631 $1,620
South Bend, Indiana Average Property 2 -$672 $254 $944 $420 $576 $1,522
South Bend, Indiana Average Property 3 -$610 $281 $847 $382 $522 $1,422
South Bend, Indiana Average Property 4 -$549 $305 $751 $343 $468 $1,319
South Bend, Indiana Average Property 5 -$488 $326 $656 $305 $413 $1,212
South Bend, Indiana Average Property 6 -$244 $375 $278 $152 $195 $756
Totals: -$3,295 $1,763 $4,517 $2,062 $2,805 $7,851

Asset Allocation

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

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