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

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

We have a Rule that has you buying the Memphis, Tennessee Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,304. 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 Memphis, Tennessee Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $97,000 purchase price that means you need to have $19,400 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($970) minus any seller concessions ($0).

Description Amount
Down Payment $19,400
Rent Ready Costs $0
Closing Costs $970
Seller Concessions $0
Total Cost To Close: $20,370

The monthly rent on this Property is $884 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Memphis, Tennessee Average Property 1 -$634 -$105 $1,224 $540 $786 $1,810
Memphis, Tennessee Average Property 2 -$581 -$29 $1,110 $494 $719 $1,713
Memphis, Tennessee Average Property 3 -$528 $42 $997 $449 $651 $1,611
Memphis, Tennessee Average Property 4 -$475 $108 $884 $404 $584 $1,505
Memphis, Tennessee Average Property 5 -$211 $358 $328 $179 $246 $900
Totals: -$2,429 $374 $4,542 $2,066 $2,986 $7,538

Asset Allocation

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

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