The Real Estate Financial Planner Blueprint™
Jersey City, New Jersey 20% DP

Purchased Jersey City, New Jersey Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Jersey City, New Jersey Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $8,004. 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 Jersey City, New Jersey Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $362,100 purchase price that means you need to have $72,420 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($3,621) minus any seller concessions ($0).

Description Amount
Down Payment $72,420
Rent Ready Costs $0
Closing Costs $3,621
Seller Concessions $0
Total Cost To Close: $76,041

The monthly rent on this Property is $1,334 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Jersey City, New Jersey Average Property 1 -$1,061 -$12,259 $4,568 $2,015 $2,217 -$4,521
Totals: -$1,061 -$12,259 $4,568 $2,015 $2,217 -$4,521

Asset Allocation

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

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