The Real Estate Financial Planner Blueprint™
29 Fremont, California Nomad™ Starting with $0
Purchased Fremont, California Nomad™ Property - $0 Start 5 Property
Bought in Month 826
We have a Rule that has you buying the Fremont, California Nomad™ Property - $0 Start 5 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 826 after we've adjusted for all the income and expenses for the entire month.
To purchase the Fremont, California Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $8,470,059.89 purchase price that means you need to have $423,502.99 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($84,700.60) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $423,502.99 |
Rent Ready Costs | $0 |
Closing Costs | $84,700.60 |
Seller Concessions | $0 |
Total Cost To Close: | $508,203.59 |
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 |
---|---|---|---|---|---|---|
$254,728 | $298,781 | $0 | $0 | $9,963 | $563,472 | |
$254,728 | $299,721 | $0 | $21,581 | $9,971 | $586,002 | |
$254,728 | -$27,277 | $187,048 | $28,228 | $36,298 | $479,026 | |
$254,728 | -$158,720 | $126,162 | $39,267 | $46,563 | $308,000 | |
$254,677 | $0 | $82,219 | $0 | $56,391 | $393,287 | |
Totals: | $1,273,591 | $412,505 | $395,429 | $89,076 | $159,185 | $2,329,787 |
* 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
- 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
- Final Month Summary
Reports