The Real Estate Financial Planner Blueprint™
29 Fontana, California Nomad™ Starting with $0
Purchased Fontana, California Nomad™ Property - $0 Start 6 Property
Bought in Month 569
We have a Rule that has you buying the Fontana, 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 569 after we've adjusted for all the income and expenses for the entire month.
To purchase the Fontana, California Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $2,189,316.82 purchase price that means you need to have $109,465.84 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($21,893.17) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $109,465.84 |
Rent Ready Costs | $0 |
Closing Costs | $21,893.17 |
Seller Concessions | $0 |
Total Cost To Close: | $131,359.01 |
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 |
---|---|---|---|---|---|---|
$65,841 | $98,507 | $0 | $0 | $3,295 | $167,643 | |
$65,841 | $99,439 | $0 | $5,578 | $3,303 | $174,162 | |
$65,841 | $8,808 | $44,791 | $7,779 | $10,554 | $137,773 | |
$65,841 | -$20,672 | $32,610 | $10,150 | $12,747 | $100,676 | |
$65,841 | -$40,623 | $26,860 | $11,941 | $14,425 | $78,446 | |
$65,828 | $0 | $21,252 | $0 | $15,054 | $102,134 | |
Totals: | $395,036 | $145,459 | $125,513 | $35,448 | $59,378 | $760,834 |
* 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 $11,000 and a Ideal Target Monthly Income in Retirement™ of $17,000 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports