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

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

We have a Rule that has you buying the Yonkers, New York Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $8,064. 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 Yonkers, New York Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $392,300 purchase price that means you need to have $78,460 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($3,923) minus any seller concessions ($0).

Description Amount
Down Payment $78,460
Rent Ready Costs $0
Closing Costs $3,923
Seller Concessions $0
Total Cost To Close: $82,383

The monthly rent on this Property is $1,344 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Yonkers, New York Average Property 1 -$5,063 -$15,423 $4,949 $2,183 $2,423 -$10,933
Totals: -$5,063 -$15,423 $4,949 $2,183 $2,423 -$10,933

Asset Allocation

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

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