The Real Estate Financial Planner Blueprint™
29 Arvada, Colorado Nomad™ Starting with $0
Purchased Arvada, Colorado Nomad™ Property - $0 Start 7 Property
Bought in Month 787
We have a Rule that has you buying the Arvada, Colorado Nomad™ Property - $0 Start 7 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 787 after we've adjusted for all the income and expenses for the entire month.
To purchase the Arvada, Colorado Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $4,170,366.27 purchase price that means you need to have $208,518.31 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($41,703.66) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $208,518.31 |
Rent Ready Costs | $0 |
Closing Costs | $41,703.66 |
Seller Concessions | $0 |
Total Cost To Close: | $250,221.98 |
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 |
---|---|---|---|---|---|---|
$125,420 | $162,888 | $0 | $0 | $5,402 | $293,710 | |
$125,420 | $161,869 | $0 | $0 | $5,393 | $292,682 | |
$125,420 | $164,426 | $0 | $10,626 | $5,416 | $305,888 | |
$125,420 | $4,117 | $94,287 | $13,627 | $18,104 | $255,555 | |
$125,420 | -$40,303 | $71,739 | $17,136 | $21,342 | $195,333 | |
$125,420 | -$86,713 | $55,228 | $21,336 | $25,280 | $140,550 | |
$125,394 | $0 | $40,482 | $0 | $28,090 | $193,966 | |
Totals: | $877,911 | $366,284 | $261,736 | $62,724 | $109,028 | $1,677,684 |
* 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