The Real Estate Financial Planner Blueprint™
29 Concord, California Nomad™ Starting with $0
Purchased Concord, California Nomad™ Property - $0 Start 10 Property
Bought in Month 1184
We have a Rule that has you buying the Concord, California Nomad™ Property - $0 Start 10 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 1184 after we've adjusted for all the income and expenses for the entire month.
To purchase the Concord, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $12,782,157.34 purchase price that means you need to have $639,107.87 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($127,821.57) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $639,107.87 |
Rent Ready Costs | $0 |
Closing Costs | $127,821.57 |
Seller Concessions | $0 |
Total Cost To Close: | $766,929.44 |
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 |
---|---|---|---|---|---|---|
$384,410 | $509,073 | $0 | $0 | $15,414 | $908,897 | |
$384,410 | $505,969 | $0 | $0 | $15,386 | $905,766 | |
$384,410 | $505,969 | $0 | $0 | $15,386 | $905,766 | |
$384,410 | $505,969 | $0 | $0 | $15,386 | $905,766 | |
$384,410 | $505,969 | $0 | $0 | $15,386 | $905,766 | |
$384,410 | $505,969 | $0 | $0 | $15,386 | $905,766 | |
$384,410 | $507,519 | $0 | $0 | $15,400 | $907,329 | |
$384,410 | $505,969 | $0 | $30,774 | $15,386 | $936,540 | |
$384,410 | -$265,378 | $166,806 | $66,204 | $77,094 | $429,137 | |
$384,333 | $0 | $124,076 | $0 | $84,911 | $593,320 | |
Totals: | $3,844,027 | $3,787,027 | $290,882 | $96,978 | $285,137 | $8,304,051 |
* 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 $14,000 and a Ideal Target Monthly Income in Retirement™ of $21,000 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
- 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
- Paid Off Mortgage
- 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