The Real Estate Financial Planner Blueprint™
29 Waterbury, Connecticut Nomad™ Starting with $0
Purchased Waterbury, Connecticut Nomad™ Property - $0 Start 8 Property
Bought in Month 543
We have a Rule that has you buying the Waterbury, Connecticut Nomad™ Property - $0 Start 8 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 543 after we've adjusted for all the income and expenses for the entire month.
To purchase the Waterbury, Connecticut Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $748,140.49 purchase price that means you need to have $37,407.02 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,481.40) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $37,407.02 |
Rent Ready Costs | $0 |
Closing Costs | $7,481.40 |
Seller Concessions | $0 |
Total Cost To Close: | $44,888.43 |
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 |
---|---|---|---|---|---|---|
$22,500 | $33,490 | $0 | $0 | $3,048 | $59,037 | |
$22,500 | $31,922 | $0 | $0 | $3,034 | $57,456 | |
$22,500 | $31,768 | $0 | $1,906 | $3,032 | $59,206 | |
$22,500 | $4,266 | $16,619 | $2,481 | $5,357 | $51,223 | |
$22,500 | -$2,859 | $12,645 | $3,120 | $5,956 | $41,361 | |
$22,500 | -$8,255 | $10,917 | $3,529 | $6,331 | $35,021 | |
$22,500 | -$15,272 | $9,260 | $4,051 | $6,809 | $27,348 | |
$22,495 | $0 | $7,262 | $0 | $6,877 | $36,634 | |
Totals: | $179,992 | $75,061 | $56,703 | $15,086 | $40,444 | $367,286 |
* 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 $6,000 and a Ideal Target Monthly Income in Retirement™ of $9,000 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
- 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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports