The Real Estate Financial Planner Blueprint™
02 Nomad™ Earn 10% Less Income from Job
Purchased Typical Arden-Arcade, California Nomad™ Property 3 Property
Bought in Month 512
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property 3 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 512 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Arden-Arcade, California Nomad™ Property 3 Property, we're assuming you're getting a 5% down payment loan. With a $1,758,160.88 purchase price that means you need to have $87,908.04 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($17,581.61) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $87,908.04 |
Rent Ready Costs | $0 |
Closing Costs | $17,581.61 |
Seller Concessions | $0 |
Total Cost To Close: | $105,489.65 |
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 |
---|---|---|---|---|---|---|
$52,875 | $78,249 | $0 | $4,480 | $2,237 | $137,841 | |
$52,875 | -$7,879 | $28,855 | $7,515 | $9,254 | $90,619 | |
$52,864 | $0 | $17,066 | $0 | $11,729 | $81,660 | |
Totals: | $158,614 | $70,370 | $45,921 | $11,994 | $23,221 | $310,120 |
* 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
- 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
- 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports