The Real Estate Financial Planner Blueprint™
Arden-Arcade, California Nomad™
Purchased Typical Arden-Arcade, California Nomad™ Property 8 Property
Bought in Month 881
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property 8 Property even if your Account balance in the All-In-One Account Earning 7%/year Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year Account from the start of the Scenario to Month 881 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Arden-Arcade, California Nomad™ Property 8 Property, we're assuming you're getting a 5% down payment loan. With a $4,363,181.43 purchase price that means you need to have $218,159.07 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($43,631.81) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $218,159.07 |
Rent Ready Costs | $0 |
Closing Costs | $43,631.81 |
Seller Concessions | $0 |
Total Cost To Close: | $261,790.89 |
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 |
---|---|---|---|---|---|---|
$131,218 | $195,942 | $0 | $0 | $5,568 | $332,728 | |
$131,218 | $195,354 | $0 | $0 | $5,563 | $332,135 | |
$131,218 | $197,123 | $0 | $0 | $5,578 | $333,919 | |
$131,218 | $196,532 | $0 | $0 | $5,573 | $333,323 | |
$131,218 | $195,942 | $0 | $0 | $5,568 | $332,728 | |
$131,218 | $194,183 | $0 | $11,117 | $5,552 | $342,070 | |
$131,218 | $46,892 | $112,263 | $12,793 | $17,492 | $320,658 | |
$131,192 | $0 | $42,353 | $0 | $29,102 | $202,647 | |
Totals: | $1,049,720 | $1,221,968 | $154,617 | $23,910 | $79,995 | $2,530,209 |
* 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 $10,000 and a Ideal Target Monthly Income in Retirement™ of $15,000 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- 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 2 X Ideal Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports