The Real Estate Financial Planner Blueprint™
21 Buy 10 Nomads™ with .25 Worse Mortgage Interest Rate
Purchased Typical Arden-Arcade, California Nomad™ Property with .25 Higher Interest Rate 4 Property
Bought in Month 411
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property with .25 Higher Interest Rate 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 411 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Arden-Arcade, California Nomad™ Property with .25 Higher Interest Rate 4 Property, we're assuming you're getting a 5% down payment loan. With a $1,370,919.55 purchase price that means you need to have $68,545.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($13,709.20) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $68,545.98 |
Rent Ready Costs | $0 |
Closing Costs | $13,709.20 |
Seller Concessions | $0 |
Total Cost To Close: | $82,255.17 |
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 |
---|---|---|---|---|---|---|
$41,229 | $61,562 | $0 | $3,493 | $1,749 | $108,034 | |
$41,229 | $2,917 | $28,102 | $4,859 | $6,392 | $83,498 | |
$41,229 | -$21,024 | $18,034 | $6,877 | $8,323 | $53,439 | |
$41,221 | $0 | $12,687 | $0 | $9,330 | $63,238 | |
Totals: | $164,908 | $43,455 | $58,823 | $15,229 | $25,794 | $308,209 |
* 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
- 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
- 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
- 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
- Final Month Summary
Reports