The Real Estate Financial Planner Blueprint™
29 Burbank, California Nomad™ Starting with $0
Purchased Burbank, California Nomad™ Property - $0 Start 9 Property
Bought in Month 1196
We have a Rule that has you buying the Burbank, California Nomad™ Property - $0 Start 9 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 1196 after we've adjusted for all the income and expenses for the entire month.
To purchase the Burbank, California Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $20,845,938.44 purchase price that means you need to have $1,042,296.92 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($208,459.38) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $1,042,296.92 |
Rent Ready Costs | $0 |
Closing Costs | $208,459.38 |
Seller Concessions | $0 |
Total Cost To Close: | $1,250,756.31 |
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 |
---|---|---|---|---|---|---|
$258,967 | $354,838 | $0 | $0 | $10,066 | $623,870 | |
$258,967 | $348,491 | $0 | $0 | $10,009 | $617,467 | |
$258,967 | $346,397 | $0 | $0 | $9,991 | $615,354 | |
$258,967 | $346,397 | $0 | $0 | $9,991 | $615,354 | |
$258,967 | $349,543 | $0 | $0 | $10,019 | $618,528 | |
$258,967 | $346,397 | $0 | $0 | $9,991 | $615,354 | |
$258,967 | $81,860 | $250,268 | $22,795 | $31,247 | $645,136 | |
$258,967 | $46,744 | $216,704 | $25,719 | $33,963 | $582,096 | |
$258,840 | $0 | $72,195 | $0 | $50,764 | $381,799 | |
Totals: | $2,330,574 | $2,220,667 | $539,167 | $48,514 | $176,040 | $5,314,960 |
* 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
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
- Paid Off Mortgage
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports