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

Purchased Cedar Rapids, Iowa Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Cedar Rapids, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,506. 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 Cedar Rapids, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $140,200 purchase price that means you need to have $28,040 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,402) minus any seller concessions ($0).

Description Amount
Down Payment $28,040
Rent Ready Costs $0
Closing Costs $1,402
Seller Concessions $0
Total Cost To Close: $29,442

The monthly rent on this Property is $751 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Cedar Rapids, Iowa Average Property 1 $978 -$4,421 $1,769 $780 $1,019 $124
Cedar Rapids, Iowa Average Property 2 $896 -$3,990 $1,606 $716 $932 $160
Cedar Rapids, Iowa Average Property 3 $815 -$3,562 $1,444 $651 $844 $192
Totals: $2,689 -$11,973 $4,818 $2,146 $2,795 $476

Asset Allocation

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

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