The Real Estate Financial Planner Blueprint™
03 1 5% Down Primary Then 9 20% Down Rental Properties
Purchased Typical 20% Down Payment Newark, New Jersey Rental Property 6 Property
Bought in Month 524
We have a Rule that has you buying the Typical 20% Down Payment Newark, New Jersey Rental Property 6 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 524 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Newark, New Jersey Rental Property 6 Property, we're assuming you're getting a 20% down payment loan. With a $1,339,963.31 purchase price that means you need to have $267,992.66 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($13,399.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $267,992.66 |
Rent Ready Costs | $0 |
Closing Costs | $13,399.63 |
Seller Concessions | $0 |
Total Cost To Close: | $281,392.30 |
The monthly rent on this Property is $8,179.23 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$40,298 | $0 | $0 | $0 | $2,983 | $43,281 | |
$40,298 | $49,678 | $0 | $0 | $3,757 | $93,732 | |
$40,298 | $3,875 | $25,034 | $4,477 | $7,459 | $81,143 | |
$40,298 | -$8,811 | $18,451 | $5,601 | $8,379 | $63,918 | |
$40,298 | -$15,808 | $15,447 | $6,383 | $9,034 | $55,353 | |
$40,298 | -$24,146 | $13,239 | $7,148 | $9,662 | $46,201 | |
$40,290 | -$29,046 | $9,952 | $8,287 | $10,054 | $39,538 | |
Totals: | $282,078 | -$24,258 | $82,122 | $31,896 | $51,328 | $423,167 |
* 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 $9,000 and a Ideal Target Monthly Income in Retirement™ of $14,000 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
- 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
- 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports