The Real Estate Financial Planner Blueprint™
29 Modesto, California Nomad™ Starting with $0
Purchased Modesto, California Nomad™ Property - $0 Start 10 Property
Bought in Month 615
We have a Rule that has you buying the Modesto, 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 615 after we've adjusted for all the income and expenses for the entire month.
To purchase the Modesto, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $1,819,726.82 purchase price that means you need to have $90,986.34 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($18,197.27) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $90,986.34 |
Rent Ready Costs | $0 |
Closing Costs | $18,197.27 |
Seller Concessions | $0 |
Total Cost To Close: | $109,183.61 |
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 |
---|---|---|---|---|---|---|
$54,726 | $104,715 | $0 | $0 | $2,457 | $161,898 | |
$54,726 | $102,631 | $0 | $0 | $2,438 | $159,796 | |
$54,726 | $102,927 | $0 | $0 | $2,441 | $160,094 | |
$54,726 | $102,631 | $0 | $4,637 | $2,438 | $164,432 | |
$54,726 | $40,456 | $46,547 | $5,362 | $7,438 | $154,530 | |
$54,726 | $32,739 | $40,304 | $6,050 | $8,082 | $141,901 | |
$54,726 | $23,105 | $34,899 | $6,826 | $8,800 | $128,356 | |
$54,726 | $18,676 | $32,714 | $7,206 | $9,155 | $122,477 | |
$54,726 | $11,187 | $29,429 | $7,874 | $9,780 | $112,997 | |
$54,715 | $0 | $17,664 | $0 | $12,070 | $84,449 | |
Totals: | $547,253 | $539,067 | $201,557 | $37,954 | $65,099 | $1,390,930 |
* 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 $8,000 and a Ideal Target Monthly Income in Retirement™ of $12,000 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports