The Real Estate Financial Planner Blueprint™
29 Arvada, Colorado Nomad™ Starting with $0
Purchased Arvada, Colorado Nomad™ Property - $0 Start 5 Property
Bought in Month 621
We have a Rule that has you buying the Arvada, Colorado Nomad™ Property - $0 Start 5 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 621 after we've adjusted for all the income and expenses for the entire month.
To purchase the Arvada, Colorado Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $2,770,719.69 purchase price that means you need to have $138,535.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($27,707.20) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $138,535.98 |
Rent Ready Costs | $0 |
Closing Costs | $27,707.20 |
Seller Concessions | $0 |
Total Cost To Close: | $166,243.18 |
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 |
---|---|---|---|---|---|---|
$83,327 | $108,220 | $0 | $0 | $3,589 | $195,136 | |
$83,327 | $107,543 | $0 | $7,060 | $3,583 | $201,512 | |
$83,327 | -$14,560 | $51,750 | $10,626 | $13,502 | $144,645 | |
$83,327 | -$50,552 | $38,459 | $13,627 | $16,291 | $101,153 | |
$83,310 | $0 | $26,895 | $0 | $18,663 | $128,868 | |
Totals: | $416,616 | $150,652 | $117,105 | $31,313 | $55,628 | $771,314 |
* 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 $12,000 and a Ideal Target Monthly Income in Retirement™ of $18,000 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports