The Real Estate Financial Planner Blueprint™
Cranston, Rhode Island 20% DP

Purchased Cranston, Rhode Island Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Cranston, Rhode Island Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,126. 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 Cranston, Rhode Island Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $228,300 purchase price that means you need to have $45,660 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,283) minus any seller concessions ($0).

Description Amount
Down Payment $45,660
Rent Ready Costs $0
Closing Costs $2,283
Seller Concessions $0
Total Cost To Close: $47,943

The monthly rent on this Property is $1,021 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Cranston, Rhode Island Average Property 1 -$3,614 -$6,842 $2,880 $1,270 $1,484 -$4,821
Cranston, Rhode Island Average Property 2 -$2,101 -$3,494 $1,547 $736 $834 -$2,478
Totals: -$5,716 -$10,335 $4,427 $2,006 $2,319 -$7,299

Asset Allocation

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

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