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

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

We have a Rule that has you buying the Warwick, Rhode Island Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,792. 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 Warwick, Rhode Island Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $213,300 purchase price that means you need to have $42,660 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($2,133) minus any seller concessions ($0).

Description Amount
Down Payment $42,660
Rent Ready Costs $0
Closing Costs $2,133
Seller Concessions $0
Total Cost To Close: $44,793

The monthly rent on this Property is $1,132 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Warwick, Rhode Island Average Property 1 -$2,372 -$4,127 $2,691 $1,187 $1,380 -$1,242
Warwick, Rhode Island Average Property 2 -$2,173 -$3,680 $2,440 $1,087 $1,259 -$1,067
Totals: -$4,545 -$7,807 $5,130 $2,273 $2,639 -$2,309

Asset Allocation

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

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