The Real Estate Financial Planner Blueprint™
29 Pasadena, California Nomad™ Starting with $0
Purchased Pasadena, California Nomad™ Property - $0 Start 6 Property
Bought in Month 701
We have a Rule that has you buying the Pasadena, 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 701 after we've adjusted for all the income and expenses for the entire month.
To purchase the Pasadena, California Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $6,539,919.66 purchase price that means you need to have $326,995.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($65,399.20) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $326,995.98 |
Rent Ready Costs | $0 |
Closing Costs | $65,399.20 |
Seller Concessions | $0 |
Total Cost To Close: | $392,395.18 |
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 |
---|---|---|---|---|---|---|
$196,681 | $282,181 | $0 | $0 | $7,812 | $486,675 | |
$196,681 | $286,417 | $0 | $16,663 | $7,849 | $507,612 | |
$196,681 | $10,110 | $133,015 | $23,352 | $29,578 | $392,736 | |
$196,681 | -$41,226 | $109,242 | $27,542 | $33,461 | $325,700 | |
$196,681 | -$109,568 | $86,101 | $33,624 | $39,152 | $245,990 | |
$196,642 | $0 | $63,483 | $0 | $43,230 | $303,354 | |
Totals: | $1,180,049 | $427,914 | $391,841 | $101,181 | $161,081 | $2,262,066 |
* 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 $24,000 and a Ideal Target Monthly Income in Retirement™ of $36,000 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
- Final Month Summary
Reports