The Real Estate Financial Planner Blueprint™
Durham, North Carolina 20% DP

Purchased Durham, North Carolina Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Durham, North Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,030. 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 Durham, North Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $207,900 purchase price that means you need to have $41,580 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,079) minus any seller concessions ($0).

Description Amount
Down Payment $41,580
Rent Ready Costs $0
Closing Costs $2,079
Seller Concessions $0
Total Cost To Close: $43,659

The monthly rent on this Property is $1,005 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Durham, North Carolina Average Property 1 $3,558 -$4,277 $2,623 $1,157 $1,254 $4,314
Durham, North Carolina Average Property 2 $3,263 -$3,831 $2,383 $1,062 $1,147 $4,024
Totals: $6,821 -$8,108 $5,006 $2,219 $2,401 $8,338

Asset Allocation

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

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