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 8 Property
Bought in Month 914
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property with .25 Higher Interest Rate 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 914 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 8 Property, we're assuming you're getting a 5% down payment loan. With a $4,732,663.65 purchase price that means you need to have $236,633.18 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($47,326.64) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $236,633.18 |
Rent Ready Costs | $0 |
Closing Costs | $47,326.64 |
Seller Concessions | $0 |
Total Cost To Close: | $283,959.82 |
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 |
---|---|---|---|---|---|---|
$142,330 | $212,518 | $0 | $0 | $6,039 | $360,886 | |
$142,330 | $210,609 | $0 | $0 | $6,022 | $358,961 | |
$142,330 | $211,244 | $0 | $0 | $6,027 | $359,601 | |
$142,330 | $216,377 | $0 | $0 | $6,073 | $364,780 | |
$142,330 | $210,609 | $0 | $0 | $6,022 | $358,961 | |
$142,330 | $210,609 | $0 | $12,059 | $6,022 | $371,020 | |
$142,330 | $38,465 | $117,907 | $14,398 | $19,793 | $332,894 | |
$142,301 | $0 | $43,799 | $0 | $32,199 | $218,299 | |
Totals: | $1,138,612 | $1,310,431 | $161,706 | $26,457 | $88,197 | $2,725,403 |
* 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