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

Purchased Sterling Heights, Michigan Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Sterling Heights, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,000. 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 Sterling Heights, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $175,400 purchase price that means you need to have $35,080 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,754) minus any seller concessions ($0).

Description Amount
Down Payment $35,080
Rent Ready Costs $0
Closing Costs $1,754
Seller Concessions $0
Total Cost To Close: $36,834

The monthly rent on this Property is $1,000 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Sterling Heights, Michigan Average Property 1 -$177 -$3,408 $2,213 $976 $1,204 $808
Sterling Heights, Michigan Average Property 2 -$162 -$3,031 $2,008 $894 $1,100 $809
Totals: -$340 -$6,439 $4,220 $1,870 $2,305 $1,616

Asset Allocation

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

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