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

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

We have a Rule that has you buying the Lorain, Ohio Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,182. 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 Lorain, Ohio Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $85,400 purchase price that means you need to have $17,080 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($854) minus any seller concessions ($0).

Description Amount
Down Payment $17,080
Rent Ready Costs $0
Closing Costs $854
Seller Concessions $0
Total Cost To Close: $17,934

The monthly rent on this Property is $697 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Lorain, Ohio Average Property 1 -$2,057 -$299 $1,077 $475 $657 -$146
Lorain, Ohio Average Property 2 -$1,884 -$215 $976 $435 $600 -$88
Lorain, Ohio Average Property 3 -$1,711 -$136 $875 $394 $543 -$34
Lorain, Ohio Average Property 4 -$1,538 -$62 $775 $354 $486 $15
Lorain, Ohio Average Property 5 -$1,366 $7 $675 $314 $429 $60
Totals: -$8,555 -$703 $4,378 $1,972 $2,716 -$193

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