The Real Estate Financial Planner Blueprint™
29 Scottsdale, Arizona Nomad™ Starting with $0
Purchased Scottsdale, Arizona Nomad™ Property - $0 Start 10 Property
Bought in Month 548
We have a Rule that has you buying the Scottsdale, Arizona Nomad™ Property - $0 Start 10 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 548 after we've adjusted for all the income and expenses for the entire month.
To purchase the Scottsdale, Arizona Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $3,199,619.54 purchase price that means you need to have $159,980.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($31,996.20) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $159,980.98 |
Rent Ready Costs | $0 |
Closing Costs | $31,996.20 |
Seller Concessions | $0 |
Total Cost To Close: | $191,977.17 |
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 |
---|---|---|---|---|---|---|
$96,225 | $183,402 | $0 | $0 | $4,419 | $284,047 | |
$96,225 | $180,251 | $0 | $8,152 | $4,391 | $289,020 | |
$96,225 | $68,500 | $80,176 | $9,592 | $13,331 | $267,824 | |
$96,225 | $55,444 | $67,215 | $11,119 | $14,797 | $244,802 | |
$96,225 | $36,450 | $56,848 | $12,795 | $16,364 | $218,683 | |
$96,225 | $17,860 | $49,224 | $14,437 | $17,899 | $195,645 | |
$96,225 | -$3,718 | $42,623 | $16,289 | $19,625 | $171,044 | |
$96,225 | -$21,088 | $39,720 | $17,281 | $20,498 | $152,636 | |
$96,225 | -$54,722 | $36,906 | $18,378 | $23,469 | $120,257 | |
$96,206 | $0 | $31,059 | $0 | $21,330 | $148,595 | |
Totals: | $962,234 | $462,378 | $403,772 | $108,044 | $156,124 | $2,092,551 |
* 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