The Real Estate Financial Planner Blueprint™
29 Chula Vista, California Nomad™ Starting with $0
Purchased Chula Vista, California Nomad™ Property - $0 Start 7 Property
Bought in Month 820
We have a Rule that has you buying the Chula Vista, California Nomad™ Property - $0 Start 7 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 820 after we've adjusted for all the income and expenses for the entire month.
To purchase the Chula Vista, California Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $5,797,039.10 purchase price that means you need to have $289,851.96 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($57,970.39) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $289,851.96 |
Rent Ready Costs | $0 |
Closing Costs | $57,970.39 |
Seller Concessions | $0 |
Total Cost To Close: | $347,822.35 |
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 |
---|---|---|---|---|---|---|
$174,340 | $221,503 | $0 | $0 | $8,266 | $404,109 | |
$174,340 | $220,066 | $0 | $0 | $8,253 | $402,660 | |
$174,340 | $218,636 | $0 | $14,770 | $8,241 | $415,988 | |
$174,340 | $4,574 | $133,788 | $18,619 | $25,620 | $356,942 | |
$174,340 | -$58,883 | $99,721 | $23,819 | $30,442 | $269,440 | |
$174,340 | -$128,040 | $76,097 | $29,878 | $36,102 | $188,376 | |
$174,305 | $0 | $56,272 | $0 | $39,756 | $270,332 | |
Totals: | $1,220,345 | $477,856 | $365,878 | $87,086 | $156,681 | $2,307,846 |
* 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 $16,000 and a Ideal Target Monthly Income in Retirement™ of $24,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports