The Real Estate Financial Planner Blueprint™
03 1 5% Down Primary Then 9 20% Down Rental Properties
Purchased Typical 20% Down Payment Garland, Texas Rental Property 5 Property
Bought in Month 396
We have a Rule that has you buying the Typical 20% Down Payment Garland, Texas Rental Property 5 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 396 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Garland, Texas Rental Property 5 Property, we're assuming you're getting a 20% down payment loan. With a $702,422.86 purchase price that means you need to have $140,484.57 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,024.23) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $140,484.57 |
Rent Ready Costs | $0 |
Closing Costs | $7,024.23 |
Seller Concessions | $0 |
Total Cost To Close: | $147,508.80 |
The monthly rent on this Property is $5,000.58 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$21,125 | $0 | $0 | $0 | $1,959 | $23,084 | |
$21,125 | $7,134 | $14,907 | $2,137 | $4,202 | $49,505 | |
$21,125 | $1,479 | $11,592 | $2,571 | $4,550 | $41,316 | |
$21,125 | -$5,650 | $8,430 | $3,248 | $5,109 | $32,262 | |
$21,125 | -$11,915 | $6,446 | $3,956 | $5,703 | $25,315 | |
$21,120 | -$12,020 | $5,217 | $4,344 | $5,735 | $24,396 | |
Totals: | $126,744 | -$20,972 | $46,592 | $16,256 | $27,258 | $195,878 |
* 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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports