The Real Estate Financial Planner Blueprint™
32 10 20% Down Rental Properties (no Owner-Occupant)
Purchased Typical 20% Down Payment Miami, Florida Rental Property 6 Property
Bought in Month 828
We have a Rule that has you buying the Typical 20% Down Payment Miami, Florida 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 828 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 6 Property, we're assuming you're getting a 20% down payment loan. With a $3,843,862.56 purchase price that means you need to have $768,772.51 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($38,438.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $768,772.51 |
Rent Ready Costs | $0 |
Closing Costs | $38,438.63 |
Seller Concessions | $0 |
Total Cost To Close: | $807,211.14 |
The monthly rent on this Property is $20,934.44 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$115,600 | $118,318 | $0 | $0 | $10,516 | $244,434 | |
$115,600 | $117,213 | $0 | $0 | $10,506 | $243,319 | |
$115,600 | $118,318 | $0 | $0 | $10,516 | $244,434 | |
$115,600 | -$27,851 | $66,261 | $13,624 | $21,723 | $189,358 | |
$115,600 | -$70,732 | $46,130 | $17,776 | $25,154 | $133,928 | |
$115,577 | -$107,159 | $28,550 | $23,772 | $28,554 | $89,294 | |
Totals: | $693,578 | $148,106 | $140,941 | $55,173 | $106,970 | $1,144,768 |
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