The Real Estate Financial Planner Blueprint™
05 Nomad™ with Pro Property Manager at 10% of Rents
Purchased Typical Arden-Arcade, California Nomad™ Property with 10% Property Management 4 Property
Bought in Month 412
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property with 10% Property Management 4 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 412 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Arden-Arcade, California Nomad™ Property with 10% Property Management 4 Property, we're assuming you're getting a 5% down payment loan. With a $1,374,300.61 purchase price that means you need to have $68,715.03 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($13,743.01) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $68,715.03 |
Rent Ready Costs | $0 |
Closing Costs | $13,743.01 |
Seller Concessions | $0 |
Total Cost To Close: | $82,458.04 |
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 |
---|---|---|---|---|---|---|
$41,331 | $53,517 | $0 | $3,502 | $2,426 | $100,776 | |
$41,331 | $687 | $30,260 | $4,591 | $6,719 | $83,589 | |
$41,331 | -$26,149 | $18,909 | $6,809 | $8,766 | $49,667 | |
$41,322 | $0 | $13,340 | $0 | $9,165 | $63,827 | |
Totals: | $165,315 | $28,056 | $62,510 | $14,902 | $27,076 | $297,858 |
* 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- 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
- 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