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

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

We have a Rule that has you buying the Wyoming, Michigan Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,992. 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 Wyoming, Michigan Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $116,100 purchase price that means you need to have $23,220 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,161) minus any seller concessions ($0).

Description Amount
Down Payment $23,220
Rent Ready Costs $0
Closing Costs $1,161
Seller Concessions $0
Total Cost To Close: $24,381

The monthly rent on this Property is $832 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Wyoming, Michigan Average Property 1 -$436 -$1,149 $1,465 $646 $861 $1,387
Wyoming, Michigan Average Property 2 -$400 -$990 $1,329 $592 $787 $1,317
Wyoming, Michigan Average Property 3 -$364 -$836 $1,193 $538 $713 $1,245
Wyoming, Michigan Average Property 4 -$327 -$685 $1,059 $484 $638 $1,169
Totals: -$1,527 -$3,659 $5,045 $2,260 $3,000 $5,119

Asset Allocation

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

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