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

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

We have a Rule that has you buying the Providence, Rhode Island Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,832. 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 Providence, Rhode Island Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $192,100 purchase price that means you need to have $38,420 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,921) minus any seller concessions ($0).

Description Amount
Down Payment $38,420
Rent Ready Costs $0
Closing Costs $1,921
Seller Concessions $0
Total Cost To Close: $40,341

The monthly rent on this Property is $972 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Providence, Rhode Island Average Property 1 -$4,908 -$4,767 $2,423 $1,069 $1,254 -$4,929
Providence, Rhode Island Average Property 2 -$4,494 -$4,260 $2,194 $977 $1,143 -$4,440
Totals: -$9,402 -$9,027 $4,618 $2,046 $2,397 -$9,369

Asset Allocation

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

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