The Real Estate Financial Planner Blueprint™
Dearborn, Michigan 20% DP

Purchased Dearborn, Michigan Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Dearborn, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,114. 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 Dearborn, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $134,000 purchase price that means you need to have $26,800 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,340) minus any seller concessions ($0).

Description Amount
Down Payment $26,800
Rent Ready Costs $0
Closing Costs $1,340
Seller Concessions $0
Total Cost To Close: $28,140

The monthly rent on this Property is $1,019 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Dearborn, Michigan Average Property 1 -$1,421 -$1,858 $1,690 $746 $1,083 $240
Dearborn, Michigan Average Property 2 -$1,302 -$1,621 $1,533 $683 $990 $283
Dearborn, Michigan Average Property 3 -$1,183 -$1,389 $1,376 $620 $896 $320
Totals: -$3,905 -$4,868 $4,599 $2,048 $2,969 $843

Asset Allocation

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

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