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

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

We have a Rule that has you buying the Paterson, New Jersey Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $7,050. 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 Paterson, New Jersey Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $237,500 purchase price that means you need to have $47,500 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,375) minus any seller concessions ($0).

Description Amount
Down Payment $47,500
Rent Ready Costs $0
Closing Costs $2,375
Seller Concessions $0
Total Cost To Close: $49,875

The monthly rent on this Property is $1,175 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Paterson, New Jersey Average Property 1 -$9,008 -$9,259 $2,996 $1,321 $1,825 -$12,124
Totals: -$9,008 -$9,259 $2,996 $1,321 $1,825 -$12,124

Asset Allocation

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

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