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

Purchased North Charleston, South Carolina Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the North Charleston, South Carolina Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,024. 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 North Charleston, South Carolina Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $164,600 purchase price that means you need to have $32,920 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,646) minus any seller concessions ($0).

Description Amount
Down Payment $32,920
Rent Ready Costs $0
Closing Costs $1,646
Seller Concessions $0
Total Cost To Close: $34,566

The monthly rent on this Property is $1,004 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
North Charleston, South Carolina Average Property 1 $1,067 -$1,798 $2,076 $916 $1,044 $3,305
North Charleston, South Carolina Average Property 2 $978 -$1,559 $1,885 $840 $955 $3,099
Totals: $2,046 -$3,357 $3,962 $1,756 $1,999 $6,404

Asset Allocation

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

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