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

Purchased Norfolk, Virginia Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Norfolk, Virginia Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,186. 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 Norfolk, Virginia Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $199,400 purchase price that means you need to have $39,880 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,994) minus any seller concessions ($0).

Description Amount
Down Payment $39,880
Rent Ready Costs $0
Closing Costs $1,994
Seller Concessions $0
Total Cost To Close: $41,874

The monthly rent on this Property is $1,031 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Norfolk, Virginia Average Property 1 -$1,435 -$2,965 $2,515 $1,109 $1,174 $399
Norfolk, Virginia Average Property 2 -$1,315 -$2,613 $2,281 $1,016 $1,072 $441
Totals: -$2,750 -$5,578 $4,797 $2,126 $2,246 $840

Asset Allocation

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

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