The Real Estate Financial Planner Blueprint™
29 Salinas, California Nomad™ Starting with $0
Purchased Salinas, California Nomad™ Property - $0 Start 5 Property
Bought in Month 467
We have a Rule that has you buying the Salinas, California Nomad™ Property - $0 Start 5 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 467 after we've adjusted for all the income and expenses for the entire month.
To purchase the Salinas, California Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $2,051,047.82 purchase price that means you need to have $102,552.39 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($20,510.48) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $102,552.39 |
Rent Ready Costs | $0 |
Closing Costs | $20,510.48 |
Seller Concessions | $0 |
Total Cost To Close: | $123,062.87 |
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 |
---|---|---|---|---|---|---|
$61,683 | $100,813 | $0 | $5,226 | $2,801 | $170,522 | |
$61,683 | $27,246 | $47,895 | $6,523 | $8,902 | $152,250 | |
$61,683 | -$322 | $34,060 | $8,680 | $10,891 | $114,993 | |
$61,683 | -$22,982 | $26,298 | $10,781 | $12,866 | $88,647 | |
$61,671 | $0 | $19,910 | $0 | $13,776 | $95,356 | |
Totals: | $308,403 | $104,755 | $128,163 | $31,211 | $49,236 | $621,768 |
* 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 $13,000 and a Ideal Target Monthly Income in Retirement™ of $20,000 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
- 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
- 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
- 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
- Final Month Summary
Reports