The Real Estate Financial Planner Blueprint™
29 San Mateo, California Nomad™ Starting with $0
Purchased San Mateo, California Nomad™ Property - $0 Start 10 Property
Bought in Month 1070
We have a Rule that has you buying the San Mateo, 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 1070 after we've adjusted for all the income and expenses for the entire month.
To purchase the San Mateo, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $18,663,792.02 purchase price that means you need to have $933,189.60 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($186,637.92) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $933,189.60 |
Rent Ready Costs | $0 |
Closing Costs | $186,637.92 |
Seller Concessions | $0 |
Total Cost To Close: | $1,119,827.52 |
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 |
---|---|---|---|---|---|---|
$561,295 | $840,933 | $0 | $0 | $22,609 | $1,424,837 | |
$561,295 | $828,555 | $0 | $0 | $22,499 | $1,412,349 | |
$561,295 | $831,018 | $0 | $0 | $22,521 | $1,414,834 | |
$561,295 | $848,433 | $0 | $0 | $22,676 | $1,432,403 | |
$561,295 | $826,098 | $0 | $0 | $22,477 | $1,409,870 | |
$561,295 | $828,555 | $0 | $47,554 | $22,499 | $1,459,903 | |
$561,295 | $200,968 | $491,638 | $53,655 | $72,488 | $1,380,042 | |
$561,295 | $103,184 | $413,374 | $62,047 | $80,310 | $1,220,210 | |
$561,295 | $12,451 | $358,988 | $69,835 | $87,569 | $1,090,138 | |
$561,181 | $0 | $181,169 | $0 | $123,294 | $865,645 | |
Totals: | $5,612,833 | $5,320,195 | $1,445,169 | $233,091 | $498,942 | $13,110,230 |
* 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 $27,000 and a Ideal Target Monthly Income in Retirement™ of $41,000 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
- 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports