The Real Estate Financial Planner Blueprint™
Rapid City, South Dakota 20% DP

Purchased Rapid City, South Dakota Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Rapid City, South Dakota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,896. 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 Rapid City, South Dakota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $175,400 purchase price that means you need to have $35,080 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,754) minus any seller concessions ($0).

Description Amount
Down Payment $35,080
Rent Ready Costs $0
Closing Costs $1,754
Seller Concessions $0
Total Cost To Close: $36,834

The monthly rent on this Property is $816 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Rapid City, South Dakota Average Property 1 $2,479 -$6,077 $2,213 $976 $1,218 $809
Rapid City, South Dakota Average Property 2 $2,274 -$5,504 $2,010 $896 $1,114 $790
Totals: $4,753 -$11,581 $4,223 $1,872 $2,332 $1,599

Asset Allocation

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

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