The Real Estate Financial Planner Blueprint™
22 Buy 10 Nomads™ with .5 Worse Mortgage Interest Rate
Purchased Typical Arden-Arcade, California Nomad™ Property with .5 Higher Interest Rate 5 Property
Bought in Month 623
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property with .5 Higher Interest Rate 5 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 623 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Arden-Arcade, California Nomad™ Property with .5 Higher Interest Rate 5 Property, we're assuming you're getting a 5% down payment loan. With a $2,542,116.61 purchase price that means you need to have $127,105.83 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($25,421.17) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $127,105.83 |
Rent Ready Costs | $0 |
Closing Costs | $25,421.17 |
Seller Concessions | $0 |
Total Cost To Close: | $152,527 |
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 |
---|---|---|---|---|---|---|
$69,501 | $105,668 | $0 | $0 | $2,966 | $178,135 | |
$69,501 | $103,472 | $0 | $6,581 | $2,946 | $182,500 | |
$69,501 | -$6,077 | $49,912 | $9,499 | $11,655 | $134,490 | |
$69,501 | -$40,004 | $35,286 | $12,703 | $14,620 | $92,106 | |
$69,487 | $0 | $24,676 | $0 | $16,772 | $110,936 | |
Totals: | $347,493 | $163,059 | $109,875 | $28,783 | $48,959 | $698,168 |
* 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports