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

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

We have a Rule that has you buying the Knoxville, Tennessee Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $4,890. 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 Knoxville, Tennessee Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $128,800 purchase price that means you need to have $25,760 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,288) minus any seller concessions ($0).

Description Amount
Down Payment $25,760
Rent Ready Costs $0
Closing Costs $1,288
Seller Concessions $0
Total Cost To Close: $27,048

The monthly rent on this Property is $815 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Knoxville, Tennessee Average Property 1 $1,248 -$1,709 $1,625 $717 $879 $2,759
Knoxville, Tennessee Average Property 2 $1,144 -$1,501 $1,476 $657 $803 $2,580
Knoxville, Tennessee Average Property 3 $1,041 -$1,296 $1,327 $598 $728 $2,398
Totals: $3,432 -$4,506 $4,427 $1,972 $2,410 $7,736

Asset Allocation

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

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