The Real Estate Financial Planner Blueprint™
29 Wilmington, Delaware Nomad™ Starting with $0
Purchased Wilmington, Delaware Nomad™ Property - $0 Start 6 Property
Bought in Month 409
We have a Rule that has you buying the Wilmington, Delaware 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 409 after we've adjusted for all the income and expenses for the entire month.
To purchase the Wilmington, Delaware Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $727,913.43 purchase price that means you need to have $36,395.67 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,279.13) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $36,395.67 |
Rent Ready Costs | $0 |
Closing Costs | $7,279.13 |
Seller Concessions | $0 |
Total Cost To Close: | $43,674.81 |
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 |
---|---|---|---|---|---|---|
$21,891 | $37,201 | $0 | $1,855 | $1,498 | $62,445 | |
$21,891 | $13,570 | $19,174 | $2,093 | $3,455 | $60,183 | |
$21,891 | $5,856 | $14,208 | $2,690 | $4,006 | $48,652 | |
$21,891 | -$784 | $11,298 | $3,260 | $4,537 | $40,202 | |
$21,891 | -$6,772 | $9,143 | $3,893 | $5,139 | $33,294 | |
$21,887 | $0 | $7,066 | $0 | $5,331 | $34,283 | |
Totals: | $131,343 | $49,071 | $60,889 | $13,791 | $23,966 | $279,059 |
* 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- 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
- Paid Off Mortgage
- Final Month Summary
Reports