The Real Estate Financial Planner Blueprint™
29 Newport Beach, California Nomad™ Starting with $0
Purchased Newport Beach, California Nomad™ Property - $0 Start 9 Property
Bought in Month 970
We have a Rule that has you buying the Newport Beach, California Nomad™ Property - $0 Start 9 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 970 after we've adjusted for all the income and expenses for the entire month.
To purchase the Newport Beach, California Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $25,535,498.15 purchase price that means you need to have $1,276,774.91 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($255,354.98) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $1,276,774.91 |
Rent Ready Costs | $0 |
Closing Costs | $255,354.98 |
Seller Concessions | $0 |
Total Cost To Close: | $1,532,129.89 |
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 |
---|---|---|---|---|---|---|
$767,954 | $1,161,170 | $0 | $0 | $27,002 | $1,956,126 | |
$767,954 | $1,177,885 | $0 | $0 | $27,151 | $1,972,990 | |
$767,954 | $1,157,852 | $0 | $65,063 | $26,972 | $2,017,841 | |
$767,954 | $301,939 | $662,839 | $74,319 | $96,333 | $1,903,384 | |
$767,954 | $109,650 | $531,722 | $89,399 | $110,241 | $1,608,967 | |
$767,954 | -$114,103 | $421,557 | $108,604 | $128,141 | $1,312,153 | |
$767,954 | -$269,613 | $366,095 | $122,234 | $140,875 | $1,127,546 | |
$767,954 | -$428,966 | $316,996 | $137,915 | $155,699 | $949,598 | |
$767,799 | $0 | $247,873 | $0 | $165,163 | $1,180,835 | |
Totals: | $6,911,433 | $3,095,815 | $2,547,082 | $597,534 | $877,577 | $14,029,440 |
* 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 $47,000 and a Ideal Target Monthly Income in Retirement™ of $71,000 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports