The Real Estate Financial Planner Blueprint™
West Des Moines, Iowa 20% DP

Purchased West Des Moines, Iowa Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the West Des Moines, Iowa Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,928. 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 West Des Moines, Iowa Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $210,200 purchase price that means you need to have $42,040 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,102) minus any seller concessions ($0).

Description Amount
Down Payment $42,040
Rent Ready Costs $0
Closing Costs $2,102
Seller Concessions $0
Total Cost To Close: $44,142

The monthly rent on this Property is $988 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
West Des Moines, Iowa Average Property 1 $2,982 -$6,873 $2,652 $1,170 $1,460 $1,390
West Des Moines, Iowa Average Property 2 $2,735 -$6,220 $2,409 $1,073 $1,335 $1,333
Totals: $5,717 -$13,092 $5,061 $2,243 $2,795 $2,723

Asset Allocation

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

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