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 9 Property
Bought in Month 1010
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property with 10% Property Management 9 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 1010 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 9 Property, we're assuming you're getting a 5% down payment loan. With a $5,995,196.71 purchase price that means you need to have $299,759.84 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($59,951.97) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $299,759.84 |
Rent Ready Costs | $0 |
Closing Costs | $59,951.97 |
Seller Concessions | $0 |
Total Cost To Close: | $359,711.80 |
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 |
---|---|---|---|---|---|---|
$180,299 | $233,448 | $0 | $0 | $10,583 | $424,330 | |
$180,299 | $236,345 | $0 | $0 | $10,641 | $427,285 | |
$180,299 | $232,010 | $0 | $0 | $10,554 | $422,863 | |
$180,299 | $234,169 | $0 | $0 | $10,597 | $425,066 | |
$180,299 | $230,579 | $0 | $0 | $10,525 | $421,404 | |
$180,299 | $230,579 | $0 | $0 | $10,525 | $421,404 | |
$180,299 | $230,579 | $0 | $15,275 | $10,525 | $436,679 | |
$180,299 | -$120,667 | $81,045 | $30,147 | $38,625 | $209,450 | |
$180,263 | $0 | $58,195 | $0 | $39,960 | $278,419 | |
Totals: | $1,622,659 | $1,507,040 | $139,240 | $45,423 | $152,536 | $3,466,898 |
* 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