The Real Estate Financial Planner Blueprint™
Sioux Falls, South Dakota 20% DP

Purchased Sioux Falls, South Dakota Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Sioux Falls, South Dakota Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,746. 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 Sioux Falls, South Dakota Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $175,100 purchase price that means you need to have $35,020 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,751) minus any seller concessions ($0).

Description Amount
Down Payment $35,020
Rent Ready Costs $0
Closing Costs $1,751
Seller Concessions $0
Total Cost To Close: $36,771

The monthly rent on this Property is $791 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Sioux Falls, South Dakota Average Property 1 $2,830 -$6,119 $2,209 $974 $1,210 $1,104
Sioux Falls, South Dakota Average Property 2 $2,595 -$5,549 $2,007 $894 $1,107 $1,055
Totals: $5,425 -$11,668 $4,216 $1,869 $2,317 $2,159

Asset Allocation

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

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