The Real Estate Financial Planner Blueprint™
Akron, Ohio 20% DP

Purchased Akron, Ohio Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Akron, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,410. 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 Akron, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $81,400 purchase price that means you need to have $16,280 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($814) minus any seller concessions ($0).

Description Amount
Down Payment $16,280
Rent Ready Costs $0
Closing Costs $814
Seller Concessions $0
Total Cost To Close: $17,094

The monthly rent on this Property is $735 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Akron, Ohio Average Property 1 -$1,214 $56 $1,027 $453 $663 $984
Akron, Ohio Average Property 2 -$1,112 $106 $931 $414 $606 $945
Akron, Ohio Average Property 3 -$1,010 $152 $835 $376 $548 $902
Akron, Ohio Average Property 4 -$909 $194 $740 $338 $491 $855
Akron, Ohio Average Property 5 -$807 $231 $646 $300 $434 $804
Akron, Ohio Average Property 6 -$605 $293 $458 $225 $320 $691
Totals: -$5,657 $1,032 $4,637 $2,107 $3,062 $5,181

Asset Allocation

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

Copy Scenario into my Real Estate Financial Planner™ Software Account

Blueprint™ Menu of Sections

Reports