The Real Estate Financial Planner Blueprint™
03 1 5% Down Primary Then 9 20% Down Rental Properties
Purchased Typical 20% Down Payment Paterson, New Jersey Rental Property 4 Property
Bought in Month 573
We have a Rule that has you buying the Typical 20% Down Payment Paterson, 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 573 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Paterson, New Jersey Rental Property 4 Property, we're assuming you're getting a 20% down payment loan. With a $1,523,766.95 purchase price that means you need to have $304,753.39 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($15,237.67) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $304,753.39 |
Rent Ready Costs | $0 |
Closing Costs | $15,237.67 |
Seller Concessions | $0 |
Total Cost To Close: | $319,991.06 |
The monthly rent on this Property is $9,451.91 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$45,826 | $0 | $0 | $0 | $4,703 | $50,529 | |
$45,826 | $41,966 | $0 | $0 | $5,598 | $93,390 | |
$45,826 | -$19,075 | $23,753 | $5,815 | $10,394 | $66,713 | |
$45,826 | -$32,816 | $17,862 | $7,169 | $11,515 | $49,557 | |
$45,816 | -$47,664 | $11,318 | $9,424 | $12,769 | $31,662 | |
Totals: | $229,119 | -$57,590 | $52,933 | $22,408 | $44,979 | $291,850 |
* 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 $10,000 and a Ideal Target Monthly Income in Retirement™ of $15,000 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
- 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
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports