The Real Estate Financial Planner Blueprint™
29 Colorado Springs, Colorado Nomad™ Starting with $0
Purchased Colorado Springs, Colorado Nomad™ Property - $0 Start 5 Property
Bought in Month 434
We have a Rule that has you buying the Colorado Springs, 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 434 after we've adjusted for all the income and expenses for the entire month.
To purchase the Colorado Springs, Colorado Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $1,264,766.92 purchase price that means you need to have $63,238.35 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($12,647.67) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $63,238.35 |
Rent Ready Costs | $0 |
Closing Costs | $12,647.67 |
Seller Concessions | $0 |
Total Cost To Close: | $75,886.02 |
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 |
---|---|---|---|---|---|---|
$38,037 | $61,084 | $0 | $3,223 | $1,659 | $104,002 | |
$38,037 | $15,392 | $31,322 | $3,829 | $5,218 | $93,798 | |
$38,037 | $218 | $22,405 | $5,070 | $6,369 | $72,099 | |
$38,037 | -$14,808 | $17,098 | $6,360 | $7,571 | $54,257 | |
$38,029 | $0 | $12,277 | $0 | $8,436 | $58,742 | |
Totals: | $190,175 | $61,885 | $83,102 | $18,482 | $29,253 | $382,897 |
* 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 $9,000 and a Ideal Target Monthly Income in Retirement™ of $14,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports