The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Newark, New Jersey Rental Property 4 Property
Bought in Month 446
We have a Rule that has you buying the Typical 20% Down Payment Newark, New Jersey Rental Property 4 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 446 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 4 Property, we're assuming you're getting a 20% down payment loan. With a $1,105,734.72 purchase price that means you need to have $221,146.94 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($11,057.35) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $221,146.94 |
Rent Ready Costs | $0 |
Closing Costs | $11,057.35 |
Seller Concessions | $0 |
Total Cost To Close: | $232,204.29 |
The monthly rent on this Property is $6,749.49 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$33,254 | $39,937 | $0 | $0 | $3,090 | $76,281 | |
$33,254 | $2,380 | $20,451 | $3,722 | $6,173 | $65,979 | |
$33,254 | -$17,486 | $11,840 | $5,560 | $7,684 | $40,853 | |
$33,247 | -$24,800 | $8,213 | $6,838 | $8,269 | $31,767 | |
Totals: | $133,009 | $31 | $40,504 | $16,120 | $25,216 | $214,879 |
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
- Paid Off Mortgage
- 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
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports