The Real Estate Financial Planner Blueprint™
Lee's Summit, Missouri 20% DP

Purchased Lee's Summit, Missouri Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Lee's Summit, Missouri Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,090. 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 Lee's Summit, Missouri Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $210,400 purchase price that means you need to have $42,080 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,104) minus any seller concessions ($0).

Description Amount
Down Payment $42,080
Rent Ready Costs $0
Closing Costs $2,104
Seller Concessions $0
Total Cost To Close: $44,184

The monthly rent on this Property is $1,015 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Lee's Summit, Missouri Average Property 1 $2,538 -$6,931 $2,654 $1,171 $1,473 $905
Lee's Summit, Missouri Average Property 2 $2,327 -$6,272 $2,411 $1,074 $1,347 $888
Totals: $4,865 -$13,203 $5,065 $2,245 $2,820 $1,792

Asset Allocation

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

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