The Real Estate Financial Planner Blueprint™
Ep 24 Norm and Norma - Buy Free and Clear Rentals
Purchased Typical 100% Down-Payment Rental Property 8 Property
Bought in Month 697
We have a Rule that has you buying the Typical 100% Down-Payment Rental Property 8 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 697 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 100% Down-Payment Rental Property 8 Property, we're assuming you're getting a 100% down payment loan. With a $2,082,525.37 purchase price that means you need to have $2,082,525.37 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($10,412.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $2,082,525.37 |
Rent Ready Costs | $0 |
Closing Costs | $10,412.63 |
Seller Concessions | $0 |
Total Cost To Close: | $2,092,938 |
The monthly rent on this Property is $14,438.84 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$62,630 | $128,004 | $0 | $0 | $3,272 | $193,906 | |
$62,630 | $128,755 | $0 | $0 | $3,279 | $194,664 | |
$62,630 | $129,132 | $0 | $5,739 | $3,282 | $200,783 | |
$62,630 | $127,630 | $0 | $7,866 | $3,269 | $201,395 | |
$62,630 | $129,888 | $0 | $8,985 | $3,289 | $204,792 | |
$62,630 | $131,412 | $0 | $9,916 | $3,302 | $207,260 | |
$62,630 | $129,888 | $0 | $10,729 | $3,289 | $206,536 | |
$62,617 | $131,359 | $0 | $11,495 | $3,307 | $208,777 | |
Totals: | $501,026 | $1,036,069 | $0 | $54,729 | $26,287 | $1,618,112 |
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