The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Riverside, California Rental Property 8 Property
Bought in Month 596
We have a Rule that has you buying the Typical 20% Down Payment Riverside, California Rental Property 8 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 596 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Riverside, California Rental Property 8 Property, we're assuming you're getting a 20% down payment loan. With a $2,457,322.67 purchase price that means you need to have $491,464.53 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($24,573.23) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $491,464.53 |
Rent Ready Costs | $0 |
Closing Costs | $24,573.23 |
Seller Concessions | $0 |
Total Cost To Close: | $516,037.76 |
The monthly rent on this Property is $12,389.91 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$73,902 | $107,371 | $0 | $0 | $3,063 | $184,336 | |
$73,902 | $108,019 | $0 | $0 | $3,069 | $184,989 | |
$73,902 | $26,355 | $47,794 | $7,971 | $9,660 | $165,682 | |
$73,902 | $10,635 | $37,167 | $9,588 | $11,005 | $142,296 | |
$73,902 | -$8,984 | $30,292 | $11,142 | $12,257 | $118,609 | |
$73,902 | -$19,654 | $26,847 | $12,176 | $13,111 | $106,381 | |
$73,902 | -$35,610 | $22,401 | $13,908 | $14,559 | $89,159 | |
$73,887 | -$36,023 | $18,251 | $15,197 | $14,592 | $85,905 | |
Totals: | $591,197 | $152,110 | $182,753 | $69,981 | $81,317 | $1,077,358 |
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 $12,000 and a Ideal Target Monthly Income in Retirement™ of $18,000 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
- 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
- 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
- Paid Off Mortgage
- Final Month Summary
Reports