The Real Estate Financial Planner Blueprint™
29 Arden-Arcade, California Nomad™ Starting with $0
Purchased Arden-Arcade, California Nomad™ Property - $0 Start 8 Property
Bought in Month 912
We have a Rule that has you buying the Arden-Arcade, California Nomad™ Property - $0 Start 8 Property even if your Account balance in the All-In-One Account Earning 7%/year, Start with $0 Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year, Start with $0 Account from the start of the Scenario to Month 912 after we've adjusted for all the income and expenses for the entire month.
To purchase the Arden-Arcade, California Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $4,709,405.67 purchase price that means you need to have $235,470.28 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($47,094.06) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $235,470.28 |
Rent Ready Costs | $0 |
Closing Costs | $47,094.06 |
Seller Concessions | $0 |
Total Cost To Close: | $282,564.34 |
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 |
---|---|---|---|---|---|---|
$141,631 | $215,972 | $0 | $0 | $6,049 | $363,652 | |
$141,631 | $214,683 | $0 | $0 | $6,038 | $362,351 | |
$141,631 | $215,327 | $0 | $0 | $6,044 | $363,001 | |
$141,631 | $214,040 | $0 | $0 | $6,032 | $361,703 | |
$141,631 | $215,972 | $0 | $0 | $6,049 | $363,652 | |
$141,631 | $209,587 | $0 | $11,999 | $5,993 | $369,209 | |
$141,631 | $57,845 | $123,690 | $13,572 | $18,699 | $355,437 | |
$141,602 | $0 | $45,714 | $0 | $31,405 | $218,721 | |
Totals: | $1,133,016 | $1,343,425 | $169,404 | $25,571 | $86,310 | $2,757,726 |
* 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- 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