The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Detroit, Michigan Rental Property 1 Property
Bought in Month 23
We have a Rule that has you buying the Typical 20% Down Payment Detroit, Michigan Rental Property 1 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 23 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Detroit, Michigan Rental Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $60,546.78 purchase price that means you need to have $12,109.36 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($605.47) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $12,109.36 |
Rent Ready Costs | $0 |
Closing Costs | $605.47 |
Seller Concessions | $0 |
Total Cost To Close: | $12,714.82 |
The monthly rent on this Property is $2,992.87 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$1,821 | $25,744 | $450 | $374 | $790 | $29,178 | |
$1,068 | $14,932 | $245 | $221 | $451 | $16,917 | |
$613 | $8,736 | $122 | $127 | $249 | $9,847 | |
$153 | $2,449 | $0 | $32 | $43 | $2,677 | |
Totals: | $3,655 | $51,860 | $817 | $755 | $1,533 | $58,620 |
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 $5,000 and a Ideal Target Monthly Income in Retirement™ of $8,000 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
- Achieved Financial Independence Goal
- 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 Ideal Financial Independence Goal
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports