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

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

We have a Rule that has you buying the Westland, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,214. 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 Westland, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $112,900 purchase price that means you need to have $22,580 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,129) minus any seller concessions ($0).

Description Amount
Down Payment $22,580
Rent Ready Costs $0
Closing Costs $1,129
Seller Concessions $0
Total Cost To Close: $23,709

The monthly rent on this Property is $869 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Westland, Michigan Average Property 1 -$2,244 -$1,107 $1,424 $628 $888 -$411
Westland, Michigan Average Property 2 -$2,056 -$945 $1,290 $575 $811 -$325
Westland, Michigan Average Property 3 -$1,867 -$788 $1,157 $522 $734 -$243
Westland, Michigan Average Property 4 -$1,679 -$637 $1,025 $469 $657 -$165
Totals: -$7,846 -$3,476 $4,897 $2,193 $3,089 -$1,143

Asset Allocation

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

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