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
Typical 20% Down Payment Detroit, Michigan Rental Property 1 $1,821 $25,744 $450 $374 $790 $29,178
Typical 20% Down Payment Detroit, Michigan Rental Property 2 $1,068 $14,932 $245 $221 $451 $16,917
Typical 20% Down Payment Detroit, Michigan Rental Property 3 $613 $8,736 $122 $127 $249 $9,847
Typical 20% Down Payment Detroit, Michigan Rental Property 4 $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  Goal of financial independence, let's look at the Phases of Financial Independence™.

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