The Real Estate Financial Planner Blueprint™
03 1 5% Down Primary Then 9 20% Down Rental Properties
Purchased Typical 20% Down Payment Minneapolis, Minnesota Rental Property 7 Property
Bought in Month 396
We have a Rule that has you buying the Typical 20% Down Payment Minneapolis, Minnesota 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 396 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Minneapolis, Minnesota Rental Property 7 Property, we're assuming you're getting a 20% down payment loan. With a $829,363.53 purchase price that means you need to have $165,872.71 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,293.64) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $165,872.71 |
Rent Ready Costs | $0 |
Closing Costs | $8,293.64 |
Seller Concessions | $0 |
Total Cost To Close: | $174,166.34 |
The monthly rent on this Property is $5,556.20 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$24,942 | $0 | $0 | $0 | $1,467 | $26,410 | |
$24,942 | $15,262 | $17,600 | $2,523 | $4,082 | $64,410 | |
$24,942 | $9,579 | $14,249 | $2,947 | $4,421 | $56,138 | |
$24,942 | $5,998 | $11,969 | $3,349 | $4,758 | $51,018 | |
$24,942 | $1,955 | $9,987 | $3,826 | $5,160 | $45,870 | |
$24,942 | -$3,378 | $8,792 | $4,201 | $5,457 | $40,015 | |
$24,942 | -$8,847 | $7,510 | $4,717 | $5,882 | $34,204 | |
$24,937 | -$7,311 | $6,160 | $5,129 | $5,888 | $34,804 | |
$22,887 | -$6,196 | $5,597 | $4,713 | $5,380 | $32,381 | |
Totals: | $222,420 | $7,063 | $81,864 | $31,407 | $42,496 | $385,249 |
* Denotes a property that had no rent for at least part of the period covered. |
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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports