The Real Estate Financial Planner Blueprint™
29 Tempe, Arizona Nomad™ Starting with $0
Purchased Tempe, Arizona Nomad™ Property - $0 Start 1 Property
Bought in Month 74
We have a Rule that has you buying the Tempe, Arizona Nomad™ Property - $0 Start 1 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 74 after we've adjusted for all the income and expenses for the entire month.
To purchase the Tempe, Arizona Nomad™ Property - $0 Start 1 Property, we're assuming you're getting a 5% down payment loan. With a $514,323.34 purchase price that means you need to have $25,716.17 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($5,143.23) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $25,716.17 |
Rent Ready Costs | $0 |
Closing Costs | $5,143.23 |
Seller Concessions | $0 |
Total Cost To Close: | $30,859.40 |
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 |
---|---|---|---|---|---|---|
$15,465 | $0 | $4,993 | $0 | $3,476 | $23,934 | |
Totals: | $15,465 | $0 | $4,993 | $0 | $3,476 | $23,934 |
* 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
- 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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports