The Real Estate Financial Planner Blueprint™
Chattanooga, Tennessee 20% DP

Purchased Chattanooga, Tennessee Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Chattanooga, Tennessee Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,962. 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 Chattanooga, Tennessee Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $160,100 purchase price that means you need to have $32,020 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,601) minus any seller concessions ($0).

Description Amount
Down Payment $32,020
Rent Ready Costs $0
Closing Costs $1,601
Seller Concessions $0
Total Cost To Close: $33,621

The monthly rent on this Property is $827 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Chattanooga, Tennessee Average Property 1 $3,339 -$4,023 $2,020 $891 $1,051 $3,277
Chattanooga, Tennessee Average Property 2 $3,063 -$3,621 $1,836 $818 $962 $3,058
Totals: $6,401 -$7,643 $3,856 $1,709 $2,013 $6,335

Asset Allocation

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

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