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

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

We have a Rule that has you buying the Livonia, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,258. 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 Livonia, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $180,300 purchase price that means you need to have $36,060 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,803) minus any seller concessions ($0).

Description Amount
Down Payment $36,060
Rent Ready Costs $0
Closing Costs $1,803
Seller Concessions $0
Total Cost To Close: $37,863

The monthly rent on this Property is $1,043 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Livonia, Michigan Average Property 1 -$568 -$3,550 $2,274 $1,003 $1,254 $414
Livonia, Michigan Average Property 2 -$520 -$3,161 $2,064 $919 $1,146 $447
Totals: -$1,088 -$6,712 $4,338 $1,922 $2,400 $861

Asset Allocation

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

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