The Real Estate Financial Planner Blueprint™
Newport News, Virginia 20% DP

Purchased Newport News, Virginia Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Newport News, Virginia Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,048. 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 Newport News, Virginia Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $193,100 purchase price that means you need to have $38,620 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,931) minus any seller concessions ($0).

Description Amount
Down Payment $38,620
Rent Ready Costs $0
Closing Costs $1,931
Seller Concessions $0
Total Cost To Close: $40,551

The monthly rent on this Property is $1,008 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Newport News, Virginia Average Property 1 -$1,256 -$3,156 $2,436 $1,074 $1,136 $234
Newport News, Virginia Average Property 2 -$1,151 -$2,798 $2,209 $984 $1,037 $281
Totals: -$2,408 -$5,954 $4,645 $2,059 $2,173 $514

Asset Allocation

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

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