The Real Estate Financial Planner Blueprint™
29 Scottsdale, Arizona Nomad™ Starting with $0
Purchased Scottsdale, Arizona Nomad™ Property - $0 Start 8 Property
Bought in Month 493
We have a Rule that has you buying the Scottsdale, 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 493 after we've adjusted for all the income and expenses for the entire month.
To purchase the Scottsdale, Arizona Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $2,794,222.98 purchase price that means you need to have $139,711.15 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($27,942.23) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $139,711.15 |
Rent Ready Costs | $0 |
Closing Costs | $27,942.23 |
Seller Concessions | $0 |
Total Cost To Close: | $167,653.38 |
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 |
---|---|---|---|---|---|---|
$84,033 | $160,153 | $0 | $7,119 | $3,859 | $255,164 | |
$84,033 | $62,417 | $72,318 | $8,152 | $11,433 | $238,355 | |
$84,033 | $45,650 | $59,568 | $9,592 | $12,774 | $211,617 | |
$84,033 | $31,993 | $49,938 | $11,119 | $14,235 | $191,319 | |
$84,033 | $12,930 | $42,236 | $12,795 | $15,802 | $167,797 | |
$84,033 | -$5,727 | $36,572 | $14,437 | $17,336 | $146,651 | |
$84,033 | -$48,573 | $31,667 | $16,289 | $20,763 | $104,179 | |
$84,016 | $0 | $27,124 | $0 | $18,616 | $129,756 | |
Totals: | $672,250 | $258,843 | $319,423 | $79,504 | $114,818 | $1,444,838 |
* 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 $17,000 and a Ideal Target Monthly Income in Retirement™ of $26,000 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
- 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports