The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Long Beach, California Rental Property 6 Property
Bought in Month 702
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 702 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 $4,370,882.91 purchase price that means you need to have $874,176.58 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($43,708.83) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $874,176.58 |
Rent Ready Costs | $0 |
Closing Costs | $43,708.83 |
Seller Concessions | $0 |
Total Cost To Close: | $917,885.41 |
The monthly rent on this Property is $18,743.08 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$131,450 | $160,446 | $0 | $0 | $4,967 | $296,863 | |
$131,450 | $158,483 | $0 | $0 | $4,949 | $294,882 | |
$131,450 | -$4,985 | $71,410 | $16,115 | $18,289 | $232,279 | |
$131,450 | -$37,317 | $57,233 | $18,960 | $20,613 | $190,938 | |
$131,450 | -$81,910 | $43,767 | $23,089 | $24,008 | $140,404 | |
$131,423 | -$97,678 | $32,464 | $27,032 | $25,442 | $118,684 | |
Totals: | $788,673 | $97,039 | $204,874 | $85,195 | $98,270 | $1,274,050 |
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
- 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports