The Real Estate Financial Planner Blueprint™
Albuquerque, New Mexico 20% DP

Purchased Albuquerque, New Mexico Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Albuquerque, New Mexico Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,130. 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 Albuquerque, New Mexico Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $193,000 purchase price that means you need to have $38,600 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,930) minus any seller concessions ($0).

Description Amount
Down Payment $38,600
Rent Ready Costs $0
Closing Costs $1,930
Seller Concessions $0
Total Cost To Close: $40,530

The monthly rent on this Property is $855 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Albuquerque, New Mexico Average Property 1 $23 -$5,033 $2,435 $1,074 $1,164 -$338
Albuquerque, New Mexico Average Property 2 $21 -$4,528 $2,210 $984 $1,062 -$251
Totals: $44 -$9,561 $4,644 $2,058 $2,226 -$589

Asset Allocation

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

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