The Real Estate Financial Planner Blueprint™
29 Thornton, Colorado Nomad™ Starting with $0
Purchased Thornton, Colorado Nomad™ Property - $0 Start 10 Property
Bought in Month 1010
We have a Rule that has you buying the Thornton, 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 1010 after we've adjusted for all the income and expenses for the entire month.
To purchase the Thornton, Colorado Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $6,116,865.04 purchase price that means you need to have $305,843.25 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($61,168.65) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $305,843.25 |
Rent Ready Costs | $0 |
Closing Costs | $61,168.65 |
Seller Concessions | $0 |
Total Cost To Close: | $367,011.90 |
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 |
---|---|---|---|---|---|---|
$183,959 | $252,681 | $0 | $0 | $8,591 | $445,230 | |
$183,959 | $252,681 | $0 | $0 | $8,591 | $445,230 | |
$183,959 | $247,926 | $0 | $0 | $8,548 | $440,433 | |
$183,959 | $245,575 | $0 | $0 | $8,527 | $438,061 | |
$183,959 | $246,357 | $0 | $0 | $8,534 | $438,850 | |
$183,959 | $245,575 | $0 | $0 | $8,527 | $438,061 | |
$183,959 | $246,357 | $0 | $15,585 | $8,534 | $454,435 | |
$183,959 | $40,695 | $161,129 | $17,585 | $24,918 | $428,286 | |
$183,959 | $8,648 | $135,479 | $20,335 | $27,482 | $375,902 | |
$183,921 | $0 | $59,376 | $0 | $41,654 | $284,952 | |
Totals: | $1,839,548 | $1,786,496 | $355,985 | $53,505 | $153,907 | $4,189,441 |
* 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 $11,000 and a Ideal Target Monthly Income in Retirement™ of $17,000 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
- 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
- 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
- Final Month Summary
Reports