The Real Estate Financial Planner Blueprint™
29 Westminster, Colorado Nomad™ Starting with $0
Purchased Westminster, Colorado Nomad™ Property - $0 Start 10 Property
Bought in Month 1059
We have a Rule that has you buying the Westminster, 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 1059 after we've adjusted for all the income and expenses for the entire month.
To purchase the Westminster, Colorado Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $7,158,616.14 purchase price that means you need to have $357,930.81 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($71,586.16) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $357,930.81 |
Rent Ready Costs | $0 |
Closing Costs | $71,586.16 |
Seller Concessions | $0 |
Total Cost To Close: | $429,516.97 |
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 |
---|---|---|---|---|---|---|
$215,288 | $305,163 | $0 | $0 | $9,443 | $529,894 | |
$215,288 | $302,359 | $0 | $0 | $9,418 | $527,065 | |
$215,288 | $296,812 | $0 | $0 | $9,368 | $521,469 | |
$215,288 | $296,812 | $0 | $0 | $9,368 | $521,469 | |
$215,288 | $296,812 | $0 | $0 | $9,368 | $521,469 | |
$215,288 | $296,812 | $0 | $0 | $9,368 | $521,469 | |
$215,288 | $297,731 | $0 | $0 | $9,376 | $522,396 | |
$215,288 | $296,812 | $0 | $18,240 | $9,368 | $539,708 | |
$215,288 | -$120,646 | $97,057 | $35,909 | $42,847 | $270,455 | |
$215,245 | $0 | $69,489 | $0 | $48,136 | $332,870 | |
Totals: | $2,152,838 | $2,268,668 | $166,546 | $54,149 | $166,061 | $4,808,262 |
* 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
- Achieved Financial Independence Goal
- 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
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports