The Real Estate Financial Planner Blueprint™
33 10 25% Down Rental Properties (no Owner-Occupant)
Purchased Typical 25% Down Payment Paterson, New Jersey Rental Property 6 Property
Bought in Month 782
We have a Rule that has you buying the Typical 25% Down Payment Paterson, 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 782 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 25% Down Payment Paterson, New Jersey Rental Property 6 Property, we're assuming you're getting a 25% down payment loan. With a $2,549,765.34 purchase price that means you need to have $637,441.34 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($25,497.65) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $637,441.34 |
Rent Ready Costs | $0 |
Closing Costs | $25,497.65 |
Seller Concessions | $0 |
Total Cost To Close: | $662,938.99 |
The monthly rent on this Property is $15,816.17 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$76,682 | $69,387 | $0 | $0 | $9,360 | $155,428 | |
$76,682 | $67,742 | $0 | $0 | $9,345 | $153,769 | |
$76,682 | $67,333 | $0 | $0 | $9,341 | $153,356 | |
$76,682 | -$15,075 | $43,121 | $8,731 | $15,934 | $129,392 | |
$76,682 | -$36,147 | $31,284 | $11,225 | $17,839 | $100,883 | |
$76,666 | -$69,103 | $18,629 | $15,769 | $20,256 | $62,218 | |
Totals: | $460,074 | $84,136 | $93,035 | $35,725 | $82,075 | $755,045 |
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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports