The Real Estate Financial Planner Blueprint™
03 1 5% Down Primary Then 9 20% Down Rental Properties
Purchased Typical 20% Down Payment Fargo, North Dakota Rental Property 6 Property
Bought in Month 390
We have a Rule that has you buying the Typical 20% Down Payment Fargo, North Dakota 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 390 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Fargo, North Dakota Rental Property 6 Property, we're assuming you're getting a 20% down payment loan. With a $656,516.70 purchase price that means you need to have $131,303.34 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($6,565.17) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $131,303.34 |
Rent Ready Costs | $0 |
Closing Costs | $6,565.17 |
Seller Concessions | $0 |
Total Cost To Close: | $137,868.51 |
The monthly rent on this Property is $4,242.88 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$19,744 | $0 | $0 | $0 | $1,306 | $21,050 | |
$19,744 | $8,969 | $14,168 | $1,973 | $3,342 | $48,196 | |
$19,744 | $4,702 | $11,355 | $2,321 | $3,624 | $41,747 | |
$19,744 | $212 | $8,801 | $2,799 | $4,023 | $35,579 | |
$19,744 | -$5,637 | $7,125 | $3,269 | $4,402 | $28,903 | |
$19,744 | -$11,014 | $5,826 | $3,790 | $4,832 | $23,179 | |
$19,740 | -$9,981 | $4,876 | $4,060 | $4,789 | $23,485 | |
Totals: | $138,205 | -$12,748 | $52,151 | $18,212 | $26,320 | $222,139 |
* 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 $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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports