The Real Estate Financial Planner Blueprint™
29 Fullerton, California Nomad™ Starting with $0
Purchased Fullerton, California Nomad™ Property - $0 Start 5 Property
Bought in Month 706
We have a Rule that has you buying the Fullerton, 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 706 after we've adjusted for all the income and expenses for the entire month.
To purchase the Fullerton, California Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $5,103,383.78 purchase price that means you need to have $255,169.19 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($51,033.84) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $255,169.19 |
Rent Ready Costs | $0 |
Closing Costs | $51,033.84 |
Seller Concessions | $0 |
Total Cost To Close: | $306,203.03 |
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 |
---|---|---|---|---|---|---|
$153,479 | $195,314 | $0 | $0 | $5,893 | $354,686 | |
$153,479 | $195,911 | $0 | $13,003 | $5,898 | $368,291 | |
$153,479 | -$32,440 | $97,873 | $19,143 | $23,693 | $261,748 | |
$153,479 | -$89,310 | $73,166 | $24,429 | $28,663 | $190,427 | |
$153,448 | $0 | $49,539 | $0 | $33,754 | $236,741 | |
Totals: | $767,364 | $269,474 | $220,577 | $56,575 | $97,902 | $1,411,892 |
* 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 $18,000 and a Ideal Target Monthly Income in Retirement™ of $27,000 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
- 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
- Final Month Summary
Reports