The Real Estate Financial Planner Blueprint™
29 Salinas, California Nomad™ Starting with $0
Purchased Salinas, California Nomad™ Property - $0 Start 9 Property
Bought in Month 827
We have a Rule that has you buying the Salinas, 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 827 after we've adjusted for all the income and expenses for the entire month.
To purchase the Salinas, California Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $4,978,431.40 purchase price that means you need to have $248,921.57 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($49,784.31) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $248,921.57 |
Rent Ready Costs | $0 |
Closing Costs | $49,784.31 |
Seller Concessions | $0 |
Total Cost To Close: | $298,705.88 |
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 |
---|---|---|---|---|---|---|
$149,721 | $244,699 | $0 | $0 | $6,798 | $401,218 | |
$149,721 | $250,604 | $0 | $0 | $6,850 | $407,175 | |
$149,721 | $244,699 | $0 | $0 | $6,798 | $401,218 | |
$149,721 | $249,116 | $0 | $0 | $6,837 | $405,675 | |
$149,721 | $242,514 | $0 | $12,685 | $6,779 | $411,699 | |
$149,721 | $74,942 | $130,372 | $14,383 | $20,184 | $389,602 | |
$149,721 | $54,636 | $113,220 | $16,188 | $21,873 | $355,638 | |
$149,721 | $36,317 | $98,036 | $18,264 | $23,861 | $326,200 | |
$149,691 | $0 | $48,326 | $0 | $33,438 | $231,455 | |
Totals: | $1,347,461 | $1,397,527 | $389,953 | $61,520 | $133,419 | $3,329,880 |
* 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