The Real Estate Financial Planner Blueprint™
Ames, Iowa 20% DP

Purchased Ames, Iowa Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Ames, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,430. 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 Ames, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $196,400 purchase price that means you need to have $39,280 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,964) minus any seller concessions ($0).

Description Amount
Down Payment $39,280
Rent Ready Costs $0
Closing Costs $1,964
Seller Concessions $0
Total Cost To Close: $41,244

The monthly rent on this Property is $905 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Ames, Iowa Average Property 1 $2,753 -$6,122 $2,477 $1,093 $1,332 $1,533
Ames, Iowa Average Property 2 $2,525 -$5,534 $2,251 $1,003 $1,218 $1,463
Totals: $5,277 -$11,656 $4,728 $2,096 $2,550 $2,995

Asset Allocation

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

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