The Real Estate Financial Planner Blueprint™
23 Sell All Rentals if SWR Achieves FI While Nomading™
Purchased Typical Arden-Arcade, California Nomad™ Property 6 Property
Bought in Month 521
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property 6 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 521 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Arden-Arcade, California Nomad™ Property 6 Property, we're assuming you're getting a 5% down payment loan. With a $1,797,572.98 purchase price that means you need to have $89,878.65 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($17,975.73) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $89,878.65 |
Rent Ready Costs | $0 |
Closing Costs | $17,975.73 |
Seller Concessions | $0 |
Total Cost To Close: | $107,854.38 |
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 |
---|---|---|---|---|---|---|
$54,060 | $80,726 | $0 | $0 | $2,294 | $137,080 | |
$54,060 | $80,483 | $0 | $4,580 | $2,292 | $141,415 | |
$54,060 | $7,527 | $37,211 | $6,324 | $8,193 | $113,316 | |
$54,060 | -$15,887 | $26,854 | $8,313 | $10,044 | $83,385 | |
$54,060 | -$31,280 | $22,579 | $9,613 | $11,254 | $66,227 | |
$54,049 | $0 | $17,449 | $0 | $11,989 | $83,488 | |
Totals: | $324,350 | $121,570 | $104,093 | $28,831 | $46,067 | $624,910 |
* 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
- 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
- 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
- Sold Property to Retire from Safe Withdrawal Rate
- Sold Property to Retire from Safe Withdrawal Rate
- Sold Property to Retire from Safe Withdrawal Rate
- Sold Property to Retire from Safe Withdrawal Rate
- Sold Property to Retire from Safe Withdrawal Rate
- Sold Property to Retire from Safe Withdrawal Rate
- Achieved Financial Independence Goal
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports