The Real Estate Financial Planner Blueprint™
Albany, New York 20% DP

Purchased Albany, New York Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Albany, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,706. 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 Albany, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $173,300 purchase price that means you need to have $34,660 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,733) minus any seller concessions ($0).

Description Amount
Down Payment $34,660
Rent Ready Costs $0
Closing Costs $1,733
Seller Concessions $0
Total Cost To Close: $36,393

The monthly rent on this Property is $951 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Albany, New York Average Property 1 -$1,356 -$5,408 $2,186 $964 $1,302 -$2,312
Albany, New York Average Property 2 -$1,243 -$4,865 $1,983 $883 $1,189 -$2,053
Totals: -$2,599 -$10,273 $4,169 $1,847 $2,491 -$4,365

Asset Allocation

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

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