The Real Estate Financial Planner Blueprint™
29 Simi Valley, California Nomad™ Starting with $0
Purchased Simi Valley, California Nomad™ Property - $0 Start 9 Property
Bought in Month 1169
We have a Rule that has you buying the Simi Valley, 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 1169 after we've adjusted for all the income and expenses for the entire month.
To purchase the Simi Valley, California Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $13,565,363.25 purchase price that means you need to have $678,268.16 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($135,653.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $678,268.16 |
Rent Ready Costs | $0 |
Closing Costs | $135,653.63 |
Seller Concessions | $0 |
Total Cost To Close: | $813,921.80 |
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 |
---|---|---|---|---|---|---|
$407,965 | $527,574 | $0 | $0 | $16,984 | $952,522 | |
$407,965 | $519,423 | $0 | $0 | $16,911 | $944,299 | |
$407,965 | $511,372 | $0 | $0 | $16,840 | $936,176 | |
$407,965 | $522,671 | $0 | $0 | $16,940 | $947,576 | |
$407,965 | $519,423 | $0 | $0 | $16,911 | $944,299 | |
$407,965 | $525,936 | $0 | $0 | $16,969 | $950,870 | |
$407,965 | $511,372 | $0 | $34,564 | $16,840 | $970,740 | |
$407,965 | $69,330 | $355,242 | $39,190 | $53,498 | $925,225 | |
$407,882 | $0 | $131,679 | $0 | $90,839 | $630,400 | |
Totals: | $3,671,598 | $3,707,101 | $486,921 | $73,754 | $262,733 | $8,202,108 |
* 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 $16,000 and a Ideal Target Monthly Income in Retirement™ of $24,000 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
- 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
- Paid Off Mortgage
- 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
- Final Month Summary
Reports