The Real Estate Financial Planner Blueprint™
Fargo, North Dakota 20% DP

Purchased Fargo, North Dakota Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Fargo, North Dakota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,776. 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 Fargo, North Dakota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $199,700 purchase price that means you need to have $39,940 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,997) minus any seller concessions ($0).

Description Amount
Down Payment $39,940
Rent Ready Costs $0
Closing Costs $1,997
Seller Concessions $0
Total Cost To Close: $41,937

The monthly rent on this Property is $796 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Fargo, North Dakota Average Property 1 $6,576 -$7,141 $2,519 $1,111 $1,293 $4,358
Fargo, North Dakota Average Property 2 $6,036 -$6,488 $2,292 $1,022 $1,183 $4,045
Totals: $12,613 -$13,630 $4,811 $2,133 $2,476 $8,403

Asset Allocation

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

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