The Real Estate Financial Planner Blueprint™
29 Concord, California Nomad™ Starting with $0
Purchased Concord, California Nomad™ Property - $0 Start 6 Property
Bought in Month 661
We have a Rule that has you buying the Concord, California Nomad™ Property - $0 Start 6 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 661 after we've adjusted for all the income and expenses for the entire month.
To purchase the Concord, California Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $3,524,642.84 purchase price that means you need to have $176,232.14 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($35,246.43) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $176,232.14 |
Rent Ready Costs | $0 |
Closing Costs | $35,246.43 |
Seller Concessions | $0 |
Total Cost To Close: | $211,478.57 |
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 |
---|---|---|---|---|---|---|
$106,000 | $142,973 | $0 | $0 | $4,274 | $253,247 | |
$106,000 | $140,380 | $0 | $7,920 | $4,250 | $258,551 | |
$106,000 | $5,995 | $80,158 | $11,461 | $14,925 | $218,539 | |
$106,000 | -$23,892 | $62,992 | $14,026 | $17,316 | $176,442 | |
$106,000 | -$68,937 | $45,861 | $18,301 | $21,343 | $122,568 | |
$105,979 | $0 | $34,214 | $0 | $23,420 | $163,612 | |
$106,000 | $142,973 | $0 | $0 | $4,274 | $253,247 | |
$106,000 | $140,380 | $0 | $7,920 | $4,250 | $258,551 | |
$106,000 | $5,995 | $80,158 | $11,461 | $14,925 | $218,539 | |
$106,000 | -$23,892 | $62,992 | $14,026 | $17,316 | $176,442 | |
$106,000 | -$68,937 | $45,861 | $18,301 | $21,343 | $122,568 | |
$105,979 | $0 | $34,214 | $0 | $23,420 | $163,612 | |
Totals: | $1,271,958 | $393,038 | $446,450 | $103,415 | $171,057 | $2,385,918 |
* 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
- 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
- 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
- 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
- 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
- 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Achieved 2 X Ideal Financial Independence Goal
- 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
- Final Month Summary
Reports