The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Worcester, Massachusetts Rental Property 7 Property
Bought in Month 523
We have a Rule that has you buying the Typical 20% Down Payment Worcester, Massachusetts Rental Property 7 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 523 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Worcester, Massachusetts Rental Property 7 Property, we're assuming you're getting a 20% down payment loan. With a $1,227,990.73 purchase price that means you need to have $245,598.15 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($12,279.91) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $245,598.15 |
Rent Ready Costs | $0 |
Closing Costs | $12,279.91 |
Seller Concessions | $0 |
Total Cost To Close: | $257,878.05 |
The monthly rent on this Property is $7,217.09 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$36,931 | $52,146 | $0 | $0 | $2,616 | $91,693 | |
$36,931 | $52,335 | $0 | $0 | $2,618 | $91,883 | |
$36,931 | $10,966 | $24,451 | $3,915 | $5,844 | $82,107 | |
$36,931 | $1,993 | $18,142 | $4,875 | $6,645 | $68,586 | |
$36,931 | -$9,758 | $13,920 | $5,922 | $7,502 | $54,516 | |
$36,931 | -$17,434 | $11,851 | $6,665 | $8,116 | $46,129 | |
$36,923 | -$19,733 | $9,121 | $7,595 | $8,383 | $42,289 | |
Totals: | $258,507 | $70,515 | $77,486 | $28,971 | $41,724 | $477,202 |
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 $8,000 and a Ideal Target Monthly Income in Retirement™ of $12,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports