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 7 Property
Bought in Month 722
We have a Rule that has you buying the Typical 20% Down Payment Newark, New Jersey 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 722 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 7 Property, we're assuming you're getting a 20% down payment loan. With a $2,182,263.13 purchase price that means you need to have $436,452.63 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($21,822.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $436,452.63 |
Rent Ready Costs | $0 |
Closing Costs | $21,822.63 |
Seller Concessions | $0 |
Total Cost To Close: | $458,275.26 |
The monthly rent on this Property is $13,320.69 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$65,629 | $78,819 | $0 | $0 | $6,099 | $150,547 | |
$65,629 | $80,548 | $0 | $0 | $6,114 | $152,291 | |
$65,629 | $78,819 | $0 | $0 | $6,099 | $150,547 | |
$65,629 | $8,196 | $44,484 | $6,838 | $11,749 | $136,897 | |
$65,629 | -$12,740 | $30,455 | $9,033 | $13,577 | $105,954 | |
$65,629 | -$30,916 | $24,003 | $10,760 | $15,000 | $84,476 | |
$65,616 | -$48,946 | $16,209 | $13,496 | $16,320 | $62,695 | |
Totals: | $459,392 | $153,779 | $115,150 | $40,127 | $74,957 | $843,406 |
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