The Real Estate Financial Planner Blueprint™
Lake Charles, Louisiana 20% DP

Purchased Lake Charles, Louisiana Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Lake Charles, Louisiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,818. 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 Lake Charles, Louisiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $149,700 purchase price that means you need to have $29,940 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,497) minus any seller concessions ($0).

Description Amount
Down Payment $29,940
Rent Ready Costs $0
Closing Costs $1,497
Seller Concessions $0
Total Cost To Close: $31,437

The monthly rent on this Property is $803 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Lake Charles, Louisiana Average Property 1 $3,075 -$4,230 $1,888 $833 $1,058 $2,625
Lake Charles, Louisiana Average Property 2 $2,821 -$3,813 $1,717 $765 $969 $2,459
Lake Charles, Louisiana Average Property 3 $2,567 -$3,397 $1,545 $697 $879 $2,290
Totals: $8,463 -$11,440 $5,150 $2,294 $2,906 $7,373

Asset Allocation

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

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