The Real Estate Financial Planner Blueprint™
Ep 24 Norm and Norma - Buy Free and Clear Rentals
Purchased Typical 100% Down-Payment Rental Property 1 Property
Bought in Month 232
We have a Rule that has you buying the Typical 100% Down-Payment Rental Property 1 Property even if your Account balance in the All-In-One Account Account has zero dollars. The following is a chart showing the balance of All-In-One Account Account from the start of the Scenario to Month 232 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 100% Down-Payment Rental Property 1 Property, we're assuming you're getting a 100% down payment loan. With a $662,441.98 purchase price that means you need to have $662,441.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($3,312.21) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $662,441.98 |
Rent Ready Costs | $0 |
Closing Costs | $3,312.21 |
Seller Concessions | $0 |
Total Cost To Close: | $665,754.19 |
The monthly rent on this Property is $4,592.93 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$19,918 | $40,687 | $0 | $3,656 | $1,043 | $65,305 | |
Totals: | $19,918 | $40,687 | $0 | $3,656 | $1,043 | $65,305 |
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 $5,000 and a Ideal Target Monthly Income in Retirement™ of $10,000 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
- Achieved Financial Independence Goal
- 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
- Achieved Ideal Financial Independence Goal
- 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
- Final Month Summary
Reports