The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Midland, Texas Rental Property 7 Property
Bought in Month 425
We have a Rule that has you buying the Typical 20% Down Payment Midland, Texas 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 425 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Midland, Texas Rental Property 7 Property, we're assuming you're getting a 20% down payment loan. With a $730,536.27 purchase price that means you need to have $146,107.25 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,305.36) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $146,107.25 |
Rent Ready Costs | $0 |
Closing Costs | $7,305.36 |
Seller Concessions | $0 |
Total Cost To Close: | $153,412.62 |
The monthly rent on this Property is $5,520.05 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$21,970 | $35,316 | $0 | $0 | $2,354 | $59,639 | |
$21,970 | $12,943 | $16,194 | $2,153 | $4,131 | $57,390 | |
$21,970 | $9,323 | $13,287 | $2,489 | $4,408 | $51,476 | |
$21,970 | $4,401 | $10,402 | $2,980 | $4,814 | $44,567 | |
$21,970 | -$53 | $8,281 | $3,523 | $5,273 | $38,995 | |
$21,970 | -$6,264 | $7,003 | $3,985 | $5,642 | $32,336 | |
$21,966 | -$7,581 | $5,426 | $4,518 | $5,785 | $30,114 | |
Totals: | $153,787 | $48,085 | $60,594 | $19,647 | $32,406 | $314,518 |
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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports