The Real Estate Financial Planner Blueprint™
Portland, Maine 20% DP

Purchased Portland, Maine Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Portland, Maine Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,474. 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 Portland, Maine Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $273,400 purchase price that means you need to have $54,680 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,734) minus any seller concessions ($0).

Description Amount
Down Payment $54,680
Rent Ready Costs $0
Closing Costs $2,734
Seller Concessions $0
Total Cost To Close: $57,414

The monthly rent on this Property is $1,079 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Portland, Maine Average Property 1 $2,698 -$8,074 $3,449 $1,521 $1,649 $1,243
Totals: $2,698 -$8,074 $3,449 $1,521 $1,649 $1,243

Asset Allocation

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

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