The Real Estate Financial Planner Blueprint™
Columbia, South Carolina 20% DP

Purchased Columbia, South Carolina Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Columbia, South Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,460. 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 Columbia, South Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $173,400 purchase price that means you need to have $34,680 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,734) minus any seller concessions ($0).

Description Amount
Down Payment $34,680
Rent Ready Costs $0
Closing Costs $1,734
Seller Concessions $0
Total Cost To Close: $36,414

The monthly rent on this Property is $910 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Columbia, South Carolina Average Property 1 $1,232 -$3,239 $2,187 $965 $1,072 $2,218
Columbia, South Carolina Average Property 2 $1,129 -$2,885 $1,986 $885 $980 $2,096
Totals: $2,361 -$6,123 $4,174 $1,850 $2,053 $4,314

Asset Allocation

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

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