The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Miami, Florida Rental Property 3 Property
Bought in Month 468
We have a Rule that has you buying the Typical 20% Down Payment Miami, Florida Rental Property 3 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 468 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down Payment Miami, Florida Rental Property 3 Property, we're assuming you're getting a 20% down payment loan. With a $1,583,620.48 purchase price that means you need to have $316,724.10 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($15,836.20) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $316,724.10 |
Rent Ready Costs | $0 |
Closing Costs | $15,836.20 |
Seller Concessions | $0 |
Total Cost To Close: | $332,560.30 |
The monthly rent on this Property is $8,624.71 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$47,626 | $48,745 | $0 | $0 | $4,332 | $100,704 | |
$47,626 | -$16,311 | $23,554 | $6,255 | $9,497 | $70,620 | |
$47,616 | -$44,148 | $11,762 | $9,794 | $11,764 | $36,788 | |
Totals: | $142,868 | -$11,714 | $35,316 | $16,049 | $25,593 | $208,112 |
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 $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
- 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
- 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
- Final Month Summary
Reports