The Real Estate Financial Planner Blueprint™
03 1 5% Down Primary Then 9 20% Down Rental Properties
Purchased Typical 20% Down Payment Spokane, Washington Rental Property 9 Property
Bought in Month 401
We have a Rule that has you buying the Typical 20% Down Payment Spokane, Washington Rental Property 9 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 401 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Spokane, Washington Rental Property 9 Property, we're assuming you're getting a 20% down payment loan. With a $998,634.79 purchase price that means you need to have $199,726.96 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($9,986.35) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $199,726.96 |
Rent Ready Costs | $0 |
Closing Costs | $9,986.35 |
Seller Concessions | $0 |
Total Cost To Close: | $209,713.31 |
The monthly rent on this Property is $6,187.56 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$30,033 | $0 | $0 | $0 | $1,088 | $31,121 | |
$30,033 | $20,830 | $20,770 | $3,083 | $4,225 | $78,941 | |
$30,033 | $14,031 | $16,815 | $3,601 | $4,640 | $69,120 | |
$30,033 | $9,420 | $14,267 | $4,063 | $5,023 | $62,806 | |
$30,033 | $5,766 | $12,435 | $4,495 | $5,387 | $58,116 | |
$30,033 | $1,388 | $11,095 | $4,887 | $5,708 | $53,112 | |
$30,033 | -$1,538 | $10,067 | $5,249 | $6,015 | $49,826 | |
$30,033 | -$4,818 | $9,257 | $5,583 | $6,291 | $46,346 | |
$30,033 | -$8,342 | $8,570 | $5,908 | $6,559 | $42,728 | |
$30,027 | -$6,841 | $7,417 | $6,176 | $6,352 | $43,132 | |
Totals: | $300,323 | $29,895 | $110,695 | $43,046 | $51,289 | $535,248 |
* 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 $8,000 and a Ideal Target Monthly Income in Retirement™ of $12,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports