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

Purchased Duluth, Minnesota Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Duluth, Minnesota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,794. 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 Duluth, Minnesota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $157,100 purchase price that means you need to have $31,420 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,571) minus any seller concessions ($0).

Description Amount
Down Payment $31,420
Rent Ready Costs $0
Closing Costs $1,571
Seller Concessions $0
Total Cost To Close: $32,991

The monthly rent on this Property is $799 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Duluth, Minnesota Average Property 1 $145 -$3,353 $1,982 $874 $1,010 $657
Duluth, Minnesota Average Property 2 $133 -$3,006 $1,799 $801 $922 $649
Totals: $277 -$6,359 $3,780 $1,675 $1,932 $1,306

Asset Allocation

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

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