The Real Estate Financial Planner Blueprint™
29 Santa Barbara, California Nomad™ Starting with $0
Purchased Santa Barbara, California Nomad™ Property - $0 Start 8 Property
Bought in Month 1182
We have a Rule that has you buying the Santa Barbara, California Nomad™ Property - $0 Start 8 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 1182 after we've adjusted for all the income and expenses for the entire month.
To purchase the Santa Barbara, California Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $31,211,238.21 purchase price that means you need to have $1,560,561.91 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($312,112.38) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $1,560,561.91 |
Rent Ready Costs | $0 |
Closing Costs | $312,112.38 |
Seller Concessions | $0 |
Total Cost To Close: | $1,872,674.29 |
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 |
---|---|---|---|---|---|---|
$938,646 | $1,078,933 | $0 | $0 | $31,368 | $2,048,948 | |
$938,646 | $1,065,953 | $0 | $0 | $31,253 | $2,035,852 | |
$938,646 | $1,098,646 | $0 | $0 | $31,544 | $2,068,836 | |
$938,646 | $1,075,676 | $0 | $79,524 | $31,339 | $2,125,186 | |
$938,646 | -$194,667 | $657,592 | $108,198 | $132,103 | $1,641,873 | |
$938,646 | -$408,692 | $536,898 | $128,243 | $150,960 | $1,346,055 | |
$938,646 | -$766,348 | $412,120 | $160,071 | $180,743 | $925,233 | |
$938,457 | $0 | $302,967 | $0 | $203,085 | $1,444,509 | |
Totals: | $7,508,981 | $2,949,502 | $1,909,577 | $476,037 | $792,395 | $13,636,492 |
* 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 $34,000 and a Ideal Target Monthly Income in Retirement™ of $51,000 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
- 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
- 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
- Final Month Summary
Reports