The Real Estate Financial Planner Blueprint™
Erie, Pennsylvania 20% DP

Purchased Erie, Pennsylvania Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Erie, Pennsylvania Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,188. 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 Erie, Pennsylvania Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $87,800 purchase price that means you need to have $17,560 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($878) minus any seller concessions ($0).

Description Amount
Down Payment $17,560
Rent Ready Costs $0
Closing Costs $878
Seller Concessions $0
Total Cost To Close: $18,438

The monthly rent on this Property is $698 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Erie, Pennsylvania Average Property 1 $468 -$1,196 $1,108 $489 $721 $1,589
Erie, Pennsylvania Average Property 2 $429 -$1,045 $1,006 $448 $660 $1,497
Erie, Pennsylvania Average Property 3 $390 -$897 $904 $408 $598 $1,403
Erie, Pennsylvania Average Property 4 $351 -$752 $802 $367 $537 $1,305
Erie, Pennsylvania Average Property 5 $312 -$611 $701 $326 $475 $1,204
Totals: $1,951 -$4,502 $4,521 $2,037 $2,991 $6,998

Asset Allocation

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

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