The Real Estate Financial Planner Blueprint™
29 Colorado Springs, Colorado Nomad™ Starting with $0
Purchased Colorado Springs, Colorado Nomad™ Property - $0 Start 10 Property
Bought in Month 890
We have a Rule that has you buying the Colorado Springs, Colorado Nomad™ Property - $0 Start 10 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 890 after we've adjusted for all the income and expenses for the entire month.
To purchase the Colorado Springs, Colorado Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $3,888,884.42 purchase price that means you need to have $194,444.22 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($38,888.84) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $194,444.22 |
Rent Ready Costs | $0 |
Closing Costs | $38,888.84 |
Seller Concessions | $0 |
Total Cost To Close: | $233,333.07 |
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 |
---|---|---|---|---|---|---|
$116,954 | $187,819 | $0 | $0 | $5,100 | $309,874 | |
$116,954 | $184,497 | $0 | $0 | $5,071 | $306,522 | |
$116,954 | $182,310 | $0 | $0 | $5,051 | $304,316 | |
$116,954 | $182,310 | $0 | $0 | $5,051 | $304,316 | |
$116,954 | $182,855 | $0 | $0 | $5,056 | $304,865 | |
$116,954 | $182,310 | $0 | $0 | $5,051 | $304,316 | |
$116,954 | $182,855 | $0 | $9,909 | $5,056 | $314,774 | |
$116,954 | $52,055 | $102,440 | $11,180 | $15,472 | $298,100 | |
$116,954 | -$52,367 | $50,750 | $20,142 | $23,825 | $159,304 | |
$116,931 | $0 | $37,749 | $0 | $25,940 | $180,620 | |
Totals: | $1,169,519 | $1,284,645 | $190,939 | $41,230 | $100,673 | $2,787,006 |
* 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