The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Albany, New York Rental Property 8 Property
Bought in Month 470
We have a Rule that has you buying the Typical 20% Down Payment Albany, New York Rental Property 8 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 470 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Albany, New York Rental Property 8 Property, we're assuming you're getting a 20% down payment loan. With a $729,403.09 purchase price that means you need to have $145,880.62 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,294.03) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $145,880.62 |
Rent Ready Costs | $0 |
Closing Costs | $7,294.03 |
Seller Concessions | $0 |
Total Cost To Close: | $153,174.65 |
The monthly rent on this Property is $5,800.43 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$21,936 | $37,355 | $0 | $0 | $2,520 | $61,812 | |
$21,936 | $36,146 | $0 | $0 | $2,510 | $60,591 | |
$21,936 | $11,833 | $14,282 | $2,354 | $4,455 | $54,860 | |
$21,936 | $7,115 | $11,219 | $2,811 | $4,832 | $47,913 | |
$21,936 | $1,481 | $8,812 | $3,357 | $5,283 | $40,869 | |
$21,936 | -$4,040 | $7,206 | $3,891 | $5,725 | $34,718 | |
$21,936 | -$6,308 | $6,561 | $4,169 | $5,959 | $32,317 | |
$21,932 | -$6,558 | $5,418 | $4,511 | $5,926 | $31,228 | |
Totals: | $175,484 | $77,023 | $53,498 | $21,093 | $37,210 | $364,308 |
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 $6,000 and a Ideal Target Monthly Income in Retirement™ of $9,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports