The Real Estate Financial Planner Blueprint™
29 Miami, Florida Nomad™ Starting with $0
Purchased Miami, Florida Nomad™ Property - $0 Start 3 Property
Bought in Month 452
We have a Rule that has you buying the Miami, Florida Nomad™ Property - $0 Start 3 Property even if your Account balance in the All-In-One Account Earning 7%/year, Start with $0 Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year, Start with $0 Account from the start of the Scenario to Month 452 after we've adjusted for all the income and expenses for the entire month.
To purchase the Miami, Florida Nomad™ Property - $0 Start 3 Property, we're assuming you're getting a 5% down payment loan. With a $1,522,421.15 purchase price that means you need to have $76,121.06 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($15,224.21) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $76,121.06 |
Rent Ready Costs | $0 |
Closing Costs | $15,224.21 |
Seller Concessions | $0 |
Total Cost To Close: | $91,345.27 |
Since this is a Nomad™ Property, you are buying it, moving in and living there for at least a year before renting it.
You are moving into this property, so you are not collecting any rent on this property yet.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$45,785 | $46,645 | $0 | $3,879 | $4,163 | $100,472 | |
$45,785 | -$29,263 | $25,207 | $6,459 | $10,178 | $58,366 | |
$45,776 | $0 | $14,778 | $0 | $12,345 | $72,899 | |
Totals: | $137,347 | $17,382 | $39,985 | $10,338 | $26,686 | $231,737 |
* 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 $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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Final Month Summary
Reports