The Real Estate Financial Planner Blueprint™
Brooklyn Park, Minnesota 20% DP

Purchased Brooklyn Park, Minnesota Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Brooklyn Park, Minnesota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,036. 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 Brooklyn Park, Minnesota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $208,800 purchase price that means you need to have $41,760 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,088) minus any seller concessions ($0).

Description Amount
Down Payment $41,760
Rent Ready Costs $0
Closing Costs $2,088
Seller Concessions $0
Total Cost To Close: $43,848

The monthly rent on this Property is $1,006 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Brooklyn Park, Minnesota Average Property 1 -$2,091 -$5,442 $2,634 $1,162 $1,334 -$2,402
Brooklyn Park, Minnesota Average Property 2 -$1,916 -$4,884 $2,388 $1,064 $1,218 -$2,130
Totals: -$4,006 -$10,326 $5,022 $2,226 $2,552 -$4,532

Asset Allocation

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

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