The Real Estate Financial Planner Blueprint™
29 Peoria, Arizona Nomad™ Starting with $0
Purchased Peoria, Arizona Nomad™ Property - $0 Start 8 Property
Bought in Month 674
We have a Rule that has you buying the Peoria, Arizona Nomad™ Property - $0 Start 8 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 674 after we've adjusted for all the income and expenses for the entire month.
To purchase the Peoria, Arizona Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $2,283,013.60 purchase price that means you need to have $114,150.68 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($22,830.14) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $114,150.68 |
Rent Ready Costs | $0 |
Closing Costs | $22,830.14 |
Seller Concessions | $0 |
Total Cost To Close: | $136,980.82 |
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 |
---|---|---|---|---|---|---|
$68,659 | $100,386 | $0 | $0 | $3,136 | $172,181 | |
$68,659 | $97,934 | $0 | $0 | $3,114 | $169,708 | |
$68,659 | $100,077 | $0 | $5,817 | $3,133 | $177,687 | |
$68,659 | $7,967 | $49,536 | $7,722 | $10,312 | $144,196 | |
$68,659 | -$7,046 | $40,922 | $9,063 | $11,567 | $123,165 | |
$68,659 | -$20,580 | $35,330 | $10,250 | $12,677 | $106,336 | |
$68,659 | -$45,021 | $28,508 | $12,270 | $14,551 | $78,967 | |
$68,645 | $0 | $22,161 | $0 | $15,435 | $106,242 | |
Totals: | $549,261 | $233,717 | $176,457 | $45,122 | $73,926 | $1,078,481 |
* 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 $9,000 and a Ideal Target Monthly Income in Retirement™ of $14,000 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Final Month Summary
Reports