The Real Estate Financial Planner Blueprint™
St. Clair Shores, Michigan 20% DP

Purchased St. Clair Shores, Michigan Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the St. Clair Shores, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,982. 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 St. Clair Shores, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $125,500 purchase price that means you need to have $25,100 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,255) minus any seller concessions ($0).

Description Amount
Down Payment $25,100
Rent Ready Costs $0
Closing Costs $1,255
Seller Concessions $0
Total Cost To Close: $26,355

The monthly rent on this Property is $997 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
St. Clair Shores, Michigan Average Property 1 -$1,505 -$396 $1,583 $698 $961 $1,342
St. Clair Shores, Michigan Average Property 2 -$1,379 -$277 $1,435 $639 $879 $1,298
St. Clair Shores, Michigan Average Property 3 -$1,253 -$164 $1,288 $581 $796 $1,248
Totals: -$4,136 -$837 $4,307 $1,918 $2,636 $3,888

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