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

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

We have a Rule that has you buying the Warren, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,520. 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 Warren, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $111,700 purchase price that means you need to have $22,340 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,117) minus any seller concessions ($0).

Description Amount
Down Payment $22,340
Rent Ready Costs $0
Closing Costs $1,117
Seller Concessions $0
Total Cost To Close: $23,457

The monthly rent on this Property is $920 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Warren, Michigan Average Property 1 -$1,808 -$613 $1,409 $621 $899 $508
Warren, Michigan Average Property 2 -$1,657 -$487 $1,277 $569 $822 $524
Warren, Michigan Average Property 3 -$1,505 -$366 $1,146 $516 $744 $535
Warren, Michigan Average Property 4 -$1,354 -$252 $1,015 $464 $666 $541
Totals: -$6,324 -$1,718 $4,847 $2,171 $3,131 $2,108

Asset Allocation

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

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