The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Minneapolis, Minnesota Rental Property 8 Property
Bought in Month 506
We have a Rule that has you buying the Typical 20% Down Payment Minneapolis, Minnesota Rental Property 8 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 506 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 8 Property, we're assuming you're getting a 20% down payment loan. With a $1,087,475.53 purchase price that means you need to have $217,495.11 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($10,874.76) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $217,495.11 |
Rent Ready Costs | $0 |
Closing Costs | $10,874.76 |
Seller Concessions | $0 |
Total Cost To Close: | $228,369.86 |
The monthly rent on this Property is $7,285.38 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$32,705 | $53,984 | $0 | $0 | $2,618 | $89,306 | |
$32,705 | $52,273 | $0 | $0 | $2,602 | $87,580 | |
$32,705 | $16,222 | $21,151 | $3,527 | $5,520 | $79,125 | |
$32,705 | $7,692 | $16,067 | $4,317 | $6,169 | $66,949 | |
$32,705 | -$959 | $12,620 | $5,154 | $6,861 | $56,381 | |
$32,705 | -$5,895 | $11,185 | $5,632 | $7,256 | $50,883 | |
$32,705 | -$13,196 | $9,522 | $6,339 | $7,840 | $43,210 | |
$32,698 | -$11,395 | $8,077 | $6,726 | $7,696 | $43,801 | |
Totals: | $261,631 | $98,724 | $78,623 | $31,696 | $46,561 | $517,235 |
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
- 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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports