The Real Estate Financial Planner Blueprint™
29 Irvine, California Nomad™ Starting with $0
Purchased Irvine, California Nomad™ Property - $0 Start 6 Property
Bought in Month 671
We have a Rule that has you buying the Irvine, 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 671 after we've adjusted for all the income and expenses for the entire month.
To purchase the Irvine, California Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $5,812,145.30 purchase price that means you need to have $290,607.27 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($58,121.45) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $290,607.27 |
Rent Ready Costs | $0 |
Closing Costs | $58,121.45 |
Seller Concessions | $0 |
Total Cost To Close: | $348,728.72 |
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 |
---|---|---|---|---|---|---|
$174,794 | $264,901 | $0 | $0 | $7,710 | $447,406 | |
$174,794 | $258,556 | $0 | $14,809 | $7,654 | $455,814 | |
$174,794 | $23,597 | $122,817 | $20,099 | $26,381 | $367,689 | |
$174,794 | -$37,359 | $92,899 | $25,398 | $31,327 | $287,059 | |
$174,794 | -$78,992 | $77,652 | $29,516 | $35,222 | $238,192 | |
$174,759 | $0 | $56,419 | $0 | $39,000 | $270,178 | |
Totals: | $1,048,731 | $430,704 | $349,787 | $89,822 | $147,294 | $2,066,338 |
* 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
- 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
- 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
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports