The Real Estate Financial Planner Blueprint™
29 Denver, Colorado Nomad™ Starting with $0
Purchased Denver, Colorado Nomad™ Property - $0 Start 6 Property
Bought in Month 572
We have a Rule that has you buying the Denver, Colorado Nomad™ Property - $0 Start 6 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 572 after we've adjusted for all the income and expenses for the entire month.
To purchase the Denver, Colorado Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $2,478,798.49 purchase price that means you need to have $123,939.92 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($24,787.98) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $123,939.92 |
Rent Ready Costs | $0 |
Closing Costs | $24,787.98 |
Seller Concessions | $0 |
Total Cost To Close: | $148,727.91 |
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 |
---|---|---|---|---|---|---|
$74,547 | $116,120 | $0 | $0 | $3,268 | $193,935 | |
$74,547 | $114,048 | $0 | $6,316 | $3,249 | $198,160 | |
$74,547 | $13,682 | $52,073 | $8,614 | $11,279 | $160,195 | |
$74,547 | -$16,907 | $37,911 | $11,240 | $13,726 | $120,518 | |
$74,547 | -$35,692 | $31,783 | $13,030 | $15,413 | $99,081 | |
$74,532 | $0 | $24,062 | $0 | $16,593 | $115,187 | |
Totals: | $447,269 | $191,252 | $145,828 | $39,200 | $63,527 | $887,076 |
* 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved Financial Independence Goal
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Final Month Summary
Reports