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

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

We have a Rule that has you buying the Lansing, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,842. 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 Lansing, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $80,000 purchase price that means you need to have $16,000 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($800) minus any seller concessions ($0).

Description Amount
Down Payment $16,000
Rent Ready Costs $0
Closing Costs $800
Seller Concessions $0
Total Cost To Close: $16,800

The monthly rent on this Property is $807 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Lansing, Michigan Average Property 1 -$2,277 $301 $1,009 $445 $706 $184
Lansing, Michigan Average Property 2 -$2,084 $338 $914 $407 $644 $219
Lansing, Michigan Average Property 3 -$1,893 $370 $819 $369 $583 $249
Lansing, Michigan Average Property 4 -$1,701 $396 $725 $331 $522 $273
Lansing, Michigan Average Property 5 -$1,511 $415 $632 $294 $462 $292
Lansing, Michigan Average Property 6 -$1,320 $429 $539 $256 $401 $305
Totals: -$10,786 $2,249 $4,637 $2,102 $3,318 $1,522

Asset Allocation

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

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