The Real Estate Financial Planner Blueprint™
29 Elk Grove, California Nomad™ Starting with $0
Purchased Elk Grove, California Nomad™ Property - $0 Start 10 Property
Bought in Month 1070
We have a Rule that has you buying the Elk Grove, 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 1070 after we've adjusted for all the income and expenses for the entire month.
To purchase the Elk Grove, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $8,464,848.43 purchase price that means you need to have $423,242.42 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($84,648.48) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $423,242.42 |
Rent Ready Costs | $0 |
Closing Costs | $84,648.48 |
Seller Concessions | $0 |
Total Cost To Close: | $507,890.91 |
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 |
---|---|---|---|---|---|---|
$254,572 | $335,635 | $0 | $0 | $11,726 | $601,933 | |
$254,572 | $342,097 | $0 | $0 | $11,783 | $608,452 | |
$254,572 | $336,705 | $0 | $0 | $11,735 | $603,012 | |
$254,572 | $334,567 | $0 | $0 | $11,716 | $600,855 | |
$254,572 | $330,323 | $0 | $0 | $11,678 | $596,573 | |
$254,572 | $330,323 | $0 | $0 | $11,678 | $596,573 | |
$254,572 | $331,380 | $0 | $21,568 | $11,688 | $619,207 | |
$254,572 | $53,181 | $222,980 | $24,335 | $34,417 | $589,484 | |
$254,572 | -$2,432 | $184,206 | $28,560 | $38,299 | $503,205 | |
$254,520 | $0 | $82,168 | $0 | $57,610 | $394,298 | |
Totals: | $2,545,666 | $2,391,780 | $489,354 | $74,463 | $212,330 | $5,713,593 |
* 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 $13,000 and a Ideal Target Monthly Income in Retirement™ of $20,000 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- 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
- Paid Off Mortgage
- Final Month Summary
Reports