The Real Estate Financial Planner Blueprint™
Burbank, California Nomad™

Purchased Typical Burbank, California Nomad™ Property 10 Property
Bought in Month 1191

We have a Rule that has you buying the Typical Burbank, California Nomad™ Property 10 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 1191 after we've adjusted for all the income and expenses for the entire month.

To purchase the Typical Burbank, California Nomad™ Property 10 Property, we're assuming you're getting a 5% down payment loan. With a $20,590,770.93 purchase price that means you need to have $1,029,538.55 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($205,907.71) minus any seller concessions ($0).

Description Amount
Down Payment $1,029,538.55
Rent Ready Costs $0
Closing Costs $205,907.71
Seller Concessions $0
Total Cost To Close: $1,235,446.26

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
Typical Burbank, California Nomad™ Property 1 $514,764 $692,988 $0 $0 $19,780 $1,227,532
Typical Burbank, California Nomad™ Property 2 $514,764 $686,758 $0 $0 $19,725 $1,221,246
Typical Burbank, California Nomad™ Property 3 $514,764 $682,630 $0 $0 $19,688 $1,217,081
Typical Burbank, California Nomad™ Property 4 $514,764 $682,630 $0 $0 $19,688 $1,217,081
Typical Burbank, California Nomad™ Property 5 $514,764 $690,906 $0 $0 $19,762 $1,225,431
Typical Burbank, California Nomad™ Property 6 $514,764 $682,630 $0 $0 $19,688 $1,217,081
Typical Burbank, California Nomad™ Property 7 $514,764 $684,691 $0 $0 $19,707 $1,219,161
Typical Burbank, California Nomad™ Property 8 $514,764 $682,630 $0 $43,720 $19,688 $1,260,801
Typical Burbank, California Nomad™ Property 9 $514,764 -$379,217 $215,620 $91,315 $104,819 $547,301
Typical Burbank, California Nomad™ Property 10* $514,638 $0 $162,645 $0 $111,286 $788,569
Totals: $5,147,510 $5,106,644 $378,265 $135,035 $373,832 $11,141,285
* 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 $22,000 and a Ideal Target Monthly Income in Retirement™ of $33,000 at the time of achieving your  Goal of financial independence, let's look at the Phases of Financial Independence™.

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