The Real Estate Financial Planner Blueprint™
Spokane, Washington 20% DP

Purchased Spokane, Washington Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Spokane, Washington Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,052. 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 Spokane, Washington Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $174,300 purchase price that means you need to have $34,860 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,743) minus any seller concessions ($0).

Description Amount
Down Payment $34,860
Rent Ready Costs $0
Closing Costs $1,743
Seller Concessions $0
Total Cost To Close: $36,603

The monthly rent on this Property is $842 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Spokane, Washington Average Property 1 $1,243 -$2,858 $2,199 $970 $1,011 $2,565
Spokane, Washington Average Property 2 $1,140 -$2,539 $1,997 $890 $924 $2,411
Totals: $2,384 -$5,398 $4,195 $1,859 $1,934 $4,975

Asset Allocation

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

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