The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Grand Rapids, Michigan Rental Property 1 Property
Bought in Month 53
We have a Rule that has you buying the Typical 20% Down Payment Grand Rapids, 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 53 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Grand Rapids, Michigan Rental Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $254,989.96 purchase price that means you need to have $50,997.99 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,549.90) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $50,997.99 |
Rent Ready Costs | $0 |
Closing Costs | $2,549.90 |
Seller Concessions | $0 |
Total Cost To Close: | $53,547.89 |
The monthly rent on this Property is $2,267.62 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$7,667 | $2,995 | $1,894 | $1,577 | $1,888 | $16,021 | |
Totals: | $7,667 | $2,995 | $1,894 | $1,577 | $1,888 | $16,021 |
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
- 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
- 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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports