The Real Estate Financial Planner Blueprint™
29 Salinas, California Nomad™ Starting with $0
Purchased Salinas, California Nomad™ Property - $0 Start 10 Property
Bought in Month 878
We have a Rule that has you buying the Salinas, 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 878 after we've adjusted for all the income and expenses for the entire month.
To purchase the Salinas, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $5,644,828.24 purchase price that means you need to have $282,241.41 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($56,448.28) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $282,241.41 |
Rent Ready Costs | $0 |
Closing Costs | $56,448.28 |
Seller Concessions | $0 |
Total Cost To Close: | $338,689.69 |
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 |
---|---|---|---|---|---|---|
$169,763 | $277,431 | $0 | $0 | $7,707 | $454,900 | |
$169,763 | $284,125 | $0 | $0 | $7,767 | $461,655 | |
$169,763 | $277,431 | $0 | $0 | $7,707 | $454,900 | |
$169,763 | $282,439 | $0 | $0 | $7,752 | $459,954 | |
$169,763 | $274,954 | $0 | $0 | $7,685 | $452,402 | |
$169,763 | $274,954 | $0 | $14,383 | $7,685 | $466,784 | |
$169,763 | $87,173 | $149,132 | $16,188 | $22,781 | $445,037 | |
$169,763 | $69,640 | $129,132 | $18,264 | $24,776 | $411,575 | |
$169,763 | -$83,771 | $69,256 | $30,789 | $36,383 | $222,420 | |
$169,728 | $0 | $54,794 | $0 | $37,888 | $262,410 | |
Totals: | $1,697,591 | $1,744,376 | $402,314 | $79,624 | $168,131 | $4,092,037 |
* 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