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

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

We have a Rule that has you buying the Troy, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,966. 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 Troy, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $286,600 purchase price that means you need to have $57,320 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,866) minus any seller concessions ($0).

Description Amount
Down Payment $57,320
Rent Ready Costs $0
Closing Costs $2,866
Seller Concessions $0
Total Cost To Close: $60,186

The monthly rent on this Property is $1,161 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Troy, Michigan Average Property 1 $2,972 -$9,429 $3,615 $1,595 $1,833 $585
Totals: $2,972 -$9,429 $3,615 $1,595 $1,833 $585

Asset Allocation

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

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