The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Salt Lake City, Utah Rental Property 6 Property
Bought in Month 636
We have a Rule that has you buying the Typical 20% Down Payment Salt Lake City, Utah 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 636 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Salt Lake City, Utah Rental Property 6 Property, we're assuming you're getting a 20% down payment loan. With a $2,808,212.77 purchase price that means you need to have $561,642.55 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($28,082.13) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $561,642.55 |
Rent Ready Costs | $0 |
Closing Costs | $28,082.13 |
Seller Concessions | $0 |
Total Cost To Close: | $589,724.68 |
The monthly rent on this Property is $12,267.93 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$84,454 | $103,824 | $0 | $0 | $3,260 | $191,539 | |
$84,454 | $105,437 | $0 | $0 | $3,275 | $193,165 | |
$84,454 | $3,224 | $48,571 | $9,929 | $11,480 | $157,659 | |
$84,454 | -$24,182 | $36,403 | $12,271 | $13,387 | $122,334 | |
$84,454 | -$48,720 | $28,691 | $14,617 | $15,322 | $94,364 | |
$84,437 | -$59,081 | $20,858 | $17,367 | $16,436 | $80,017 | |
Totals: | $506,708 | $80,502 | $134,523 | $54,184 | $63,161 | $839,078 |
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 $12,000 and a Ideal Target Monthly Income in Retirement™ of $18,000 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports