The Real Estate Financial Planner Blueprint™
03 1 5% Down Primary Then 9 20% Down Rental Properties
Purchased Typical 20% Down Payment Long Beach, California Rental Property 6 Property
Bought in Month 698
We have a Rule that has you buying the Typical 20% Down Payment Long Beach, California Rental Property 6 Property even if your Account balance in the All-In-One Account Earning 7%/year Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year Account from the start of the Scenario to Month 698 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Long Beach, California Rental Property 6 Property, we're assuming you're getting a 20% down payment loan. With a $4,328,028.35 purchase price that means you need to have $865,605.67 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($43,280.28) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $865,605.67 |
Rent Ready Costs | $0 |
Closing Costs | $43,280.28 |
Seller Concessions | $0 |
Total Cost To Close: | $908,885.95 |
The monthly rent on this Property is $18,559.31 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$130,161 | $0 | $0 | $0 | $3,155 | $133,316 | |
$130,161 | $154,989 | $0 | $0 | $4,883 | $290,033 | |
$130,161 | $7,308 | $79,249 | $14,675 | $17,042 | $248,434 | |
$130,161 | -$16,663 | $64,158 | $17,138 | $19,090 | $213,884 | |
$130,161 | -$50,783 | $51,766 | $20,065 | $21,473 | $172,683 | |
$130,161 | -$84,005 | $42,049 | $23,375 | $24,217 | $135,797 | |
$130,135 | -$98,403 | $32,146 | $26,767 | $25,155 | $115,799 | |
Totals: | $911,101 | -$87,558 | $269,368 | $102,020 | $115,015 | $1,309,947 |
* Denotes a property that had no rent for at least part of the period covered. |
Asset Allocation
How are assets allocated? Let's first look at this month.
And how have they looked over time up to this month?
Phases of Financial Independence™
With a Minimum Target Monthly Income in Retirement™ of $16,000 and a Ideal Target Monthly Income in Retirement™ of $24,000 at the time of achieving your
Blueprint™ Menu of Sections
- Introduction
- Accounts
- Properties
- Rules
- Significant Events
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports