The Real Estate Financial Planner Blueprint™
29 Newport Beach, California Nomad™ Starting with $0
Purchased Newport Beach, California Nomad™ Property - $0 Start 10 Property
Bought in Month 1178
We have a Rule that has you buying the Newport Beach, 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 1178 after we've adjusted for all the income and expenses for the entire month.
To purchase the Newport Beach, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $42,624,198.88 purchase price that means you need to have $2,131,209.94 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($426,241.99) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $2,131,209.94 |
Rent Ready Costs | $0 |
Closing Costs | $426,241.99 |
Seller Concessions | $0 |
Total Cost To Close: | $2,557,451.93 |
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 |
---|---|---|---|---|---|---|
$1,281,880 | $1,938,053 | $0 | $0 | $45,068 | $3,265,001 | |
$1,281,880 | $1,965,952 | $0 | $0 | $45,316 | $3,293,147 | |
$1,281,880 | $1,932,515 | $0 | $0 | $45,018 | $3,259,413 | |
$1,281,880 | $1,949,172 | $0 | $0 | $45,166 | $3,276,218 | |
$1,281,880 | $1,921,479 | $0 | $0 | $44,920 | $3,248,278 | |
$1,281,880 | $1,921,479 | $0 | $108,604 | $44,920 | $3,356,882 | |
$1,281,880 | $502,836 | $1,126,103 | $122,234 | $158,902 | $3,191,954 | |
$1,281,880 | $359,100 | $975,077 | $137,915 | $173,864 | $2,927,836 | |
$1,281,880 | $81,499 | $829,548 | $157,924 | $192,119 | $2,542,970 | |
$1,281,620 | $0 | $413,753 | $0 | $275,527 | $1,970,901 | |
Totals: | $12,818,537 | $12,572,083 | $3,344,481 | $526,677 | $1,070,820 | $30,332,599 |
* 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