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

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

We have a Rule that has you buying the Cleveland, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,200. 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 Cleveland, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $68,500 purchase price that means you need to have $13,700 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($685) minus any seller concessions ($0).

Description Amount
Down Payment $13,700
Rent Ready Costs $0
Closing Costs $685
Seller Concessions $0
Total Cost To Close: $14,385

The monthly rent on this Property is $700 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Cleveland, Ohio Average Property 1 -$2,066 $608 $864 $381 $586 $373
Cleveland, Ohio Average Property 2 -$1,891 $613 $782 $348 $535 $387
Cleveland, Ohio Average Property 3 -$1,717 $612 $701 $316 $484 $396
Cleveland, Ohio Average Property 4 -$1,544 $606 $620 $284 $434 $400
Cleveland, Ohio Average Property 5 -$1,370 $595 $541 $251 $383 $400
Cleveland, Ohio Average Property 6 -$1,198 $578 $461 $219 $333 $394
Cleveland, Ohio Average Property 7 -$1,025 $556 $383 $188 $282 $384
Totals: -$10,811 $4,168 $4,352 $1,987 $3,037 $2,733

Asset Allocation

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

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