The Real Estate Financial Planner Blueprint™
29 Inglewood, California Nomad™ Starting with $0
Purchased Inglewood, California Nomad™ Property - $0 Start 10 Property
Bought in Month 642
We have a Rule that has you buying the Inglewood, 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 642 after we've adjusted for all the income and expenses for the entire month.
To purchase the Inglewood, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $3,499,579.55 purchase price that means you need to have $174,978.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($34,995.80) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $174,978.98 |
Rent Ready Costs | $0 |
Closing Costs | $34,995.80 |
Seller Concessions | $0 |
Total Cost To Close: | $209,974.77 |
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 |
---|---|---|---|---|---|---|
$105,246 | $178,598 | $0 | $0 | $4,622 | $288,466 | |
$105,246 | $175,994 | $0 | $0 | $4,599 | $285,839 | |
$105,246 | $173,934 | $0 | $8,917 | $4,581 | $292,677 | |
$105,246 | $47,417 | $84,158 | $10,859 | $14,702 | $262,382 | |
$105,246 | $23,379 | $68,108 | $12,966 | $16,671 | $226,370 | |
$105,246 | $4,514 | $58,974 | $14,629 | $18,226 | $201,589 | |
$105,246 | -$18,380 | $51,065 | $16,506 | $19,966 | $174,403 | |
$105,246 | -$35,180 | $46,209 | $17,948 | $21,310 | $155,533 | |
$105,246 | -$85,741 | $40,130 | $20,201 | $25,538 | $105,373 | |
$105,225 | $0 | $33,970 | $0 | $23,313 | $162,509 | |
Totals: | $1,052,442 | $464,534 | $382,615 | $102,026 | $153,526 | $2,155,142 |
* 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 $15,000 and a Ideal Target Monthly Income in Retirement™ of $23,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports