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

Purchased Mount Vernon, New York Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Mount Vernon, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $8,010. 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 Mount Vernon, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $360,300 purchase price that means you need to have $72,060 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($3,603) minus any seller concessions ($0).

Description Amount
Down Payment $72,060
Rent Ready Costs $0
Closing Costs $3,603
Seller Concessions $0
Total Cost To Close: $75,663

The monthly rent on this Property is $1,335 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Mount Vernon, New York Average Property 1 -$7,127 -$15,082 $4,545 $2,005 $2,448 -$13,211
Totals: -$7,127 -$15,082 $4,545 $2,005 $2,448 -$13,211

Asset Allocation

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

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