The Real Estate Financial Planner Blueprint™
29 Riverside, California Nomad™ Starting with $0
Purchased Riverside, California Nomad™ Property - $0 Start 6 Property
Bought in Month 543
We have a Rule that has you buying the Riverside, 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 543 after we've adjusted for all the income and expenses for the entire month.
To purchase the Riverside, California Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $2,156,574.39 purchase price that means you need to have $107,828.72 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($21,565.74) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $107,828.72 |
Rent Ready Costs | $0 |
Closing Costs | $21,565.74 |
Seller Concessions | $0 |
Total Cost To Close: | $129,394.46 |
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 |
---|---|---|---|---|---|---|
$64,857 | $93,376 | $0 | $0 | $2,681 | $160,914 | |
$64,857 | $95,362 | $0 | $5,495 | $2,698 | $168,412 | |
$64,857 | $5,561 | $45,171 | $7,513 | $9,681 | $132,782 | |
$64,857 | -$18,888 | $33,669 | $9,612 | $11,637 | $100,885 | |
$64,857 | -$36,443 | $28,226 | $11,142 | $13,066 | $80,848 | |
$64,844 | $0 | $20,934 | $0 | $14,342 | $100,119 | |
Totals: | $389,128 | $138,968 | $127,999 | $33,762 | $54,105 | $743,961 |
* 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 $12,000 and a Ideal Target Monthly Income in Retirement™ of $18,000 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
- Paid Off Mortgage
- 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