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

Purchased Royal Oak, Michigan Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Royal Oak, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,252. 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 Royal Oak, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $210,200 purchase price that means you need to have $42,040 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,102) minus any seller concessions ($0).

Description Amount
Down Payment $42,040
Rent Ready Costs $0
Closing Costs $2,102
Seller Concessions $0
Total Cost To Close: $44,142

The monthly rent on this Property is $1,042 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Royal Oak, Michigan Average Property 1 $3,279 -$5,693 $2,652 $1,170 $1,409 $2,816
Royal Oak, Michigan Average Property 2 $3,007 -$5,135 $2,409 $1,074 $1,288 $2,644
Totals: $6,286 -$10,828 $5,061 $2,243 $2,697 $5,460

Asset Allocation

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

Copy Scenario into my Real Estate Financial Planner™ Software Account

Blueprint™ Menu of Sections

Reports