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

Purchased Grand Rapids, Michigan Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Grand Rapids, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,370. 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 Grand Rapids, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $131,700 purchase price that means you need to have $26,340 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,317) minus any seller concessions ($0).

Description Amount
Down Payment $26,340
Rent Ready Costs $0
Closing Costs $1,317
Seller Concessions $0
Total Cost To Close: $27,657

The monthly rent on this Property is $895 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Grand Rapids, Michigan Average Property 1 $1,222 -$1,250 $1,661 $733 $934 $3,301
Grand Rapids, Michigan Average Property 2 $1,120 -$1,076 $1,509 $672 $855 $3,080
Grand Rapids, Michigan Average Property 3 $1,019 -$905 $1,357 $612 $775 $2,856
Totals: $3,361 -$3,231 $4,527 $2,017 $2,564 $9,237

Asset Allocation

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

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