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

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

We have a Rule that has you buying the Newark, New Jersey Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,330. 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 Newark, New Jersey Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $231,500 purchase price that means you need to have $46,300 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,315) minus any seller concessions ($0).

Description Amount
Down Payment $46,300
Rent Ready Costs $0
Closing Costs $2,315
Seller Concessions $0
Total Cost To Close: $48,615

The monthly rent on this Property is $1,055 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Newark, New Jersey Average Property 1 -$6,046 -$7,793 $2,920 $1,288 $1,557 -$8,073
Newark, New Jersey Average Property 2 -$499 $199 $0 $105 $64 -$131
Totals: -$6,545 -$7,593 $2,920 $1,393 $1,621 -$8,204

Asset Allocation

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

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