The Real Estate Financial Planner Blueprint™
29 Costa Mesa, California Nomad™ Starting with $0
Purchased Costa Mesa, California Nomad™ Property - $0 Start 10 Property
Bought in Month 1154
We have a Rule that has you buying the Costa Mesa, 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 1154 after we've adjusted for all the income and expenses for the entire month.
To purchase the Costa Mesa, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $19,564,633.30 purchase price that means you need to have $978,231.67 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($195,646.33) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $978,231.67 |
Rent Ready Costs | $0 |
Closing Costs | $195,646.33 |
Seller Concessions | $0 |
Total Cost To Close: | $1,173,878 |
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 |
---|---|---|---|---|---|---|
$588,387 | $813,774 | $0 | $0 | $23,185 | $1,425,346 | |
$588,387 | $818,679 | $0 | $0 | $23,229 | $1,430,294 | |
$588,387 | $813,774 | $0 | $0 | $23,185 | $1,425,346 | |
$588,387 | $821,141 | $0 | $0 | $23,251 | $1,432,778 | |
$588,387 | $813,774 | $0 | $0 | $23,185 | $1,425,346 | |
$588,387 | $813,774 | $0 | $0 | $23,185 | $1,425,346 | |
$588,387 | $818,679 | $0 | $49,849 | $23,229 | $1,480,144 | |
$588,387 | $146,982 | $496,050 | $58,074 | $77,403 | $1,366,895 | |
$588,387 | $48,463 | $428,262 | $65,686 | $84,410 | $1,215,208 | |
$588,268 | $0 | $189,914 | $0 | $129,323 | $907,505 | |
Totals: | $5,883,746 | $5,909,039 | $1,114,225 | $173,610 | $453,587 | $13,534,207 |
* 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 $23,000 and a Ideal Target Monthly Income in Retirement™ of $35,000 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
- 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