The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Paterson, New Jersey Rental Property 7 Property
Bought in Month 986
We have a Rule that has you buying the Typical 20% Down Payment Paterson, 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 986 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 7 Property, we're assuming you're getting a 20% down payment loan. With a $4,214,373.60 purchase price that means you need to have $842,874.72 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($42,143.74) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $842,874.72 |
Rent Ready Costs | $0 |
Closing Costs | $42,143.74 |
Seller Concessions | $0 |
Total Cost To Close: | $885,018.46 |
The monthly rent on this Property is $26,141.72 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$126,743 | $115,369 | $0 | $0 | $15,476 | $257,588 | |
$126,743 | $111,292 | $0 | $0 | $15,440 | $253,474 | |
$126,743 | $115,369 | $0 | $0 | $15,476 | $257,588 | |
$126,743 | $111,292 | $0 | $0 | $15,440 | $253,474 | |
$126,743 | -$46,816 | $70,252 | $15,310 | $28,088 | $193,577 | |
$126,743 | -$101,192 | $46,980 | $20,575 | $32,439 | $125,544 | |
$126,717 | -$135,446 | $31,302 | $26,064 | $35,179 | $83,816 | |
Totals: | $887,176 | $169,867 | $148,534 | $61,948 | $157,538 | $1,425,063 |
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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports