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

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

We have a Rule that has you buying the Southfield, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,510. 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 Southfield, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $146,200 purchase price that means you need to have $29,240 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,462) minus any seller concessions ($0).

Description Amount
Down Payment $29,240
Rent Ready Costs $0
Closing Costs $1,462
Seller Concessions $0
Total Cost To Close: $30,702

The monthly rent on this Property is $1,085 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Southfield, Michigan Average Property 1 -$1,843 -$2,069 $1,844 $813 $1,145 -$110
Southfield, Michigan Average Property 2 -$1,689 -$1,812 $1,672 $745 $1,046 -$38
Southfield, Michigan Average Property 3 -$1,534 -$1,560 $1,501 $676 $947 $29
Totals: -$5,066 -$5,441 $5,017 $2,234 $3,138 -$119

Asset Allocation

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

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