The Real Estate Financial Planner Blueprint™
29 Wilmington, Delaware Nomad™ Starting with $0
Purchased Wilmington, Delaware Nomad™ Property - $0 Start 7 Property
Bought in Month 458
We have a Rule that has you buying the Wilmington, Delaware Nomad™ Property - $0 Start 7 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 458 after we've adjusted for all the income and expenses for the entire month.
To purchase the Wilmington, Delaware Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $821,293.53 purchase price that means you need to have $41,064.68 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,212.94) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $41,064.68 |
Rent Ready Costs | $0 |
Closing Costs | $8,212.94 |
Seller Concessions | $0 |
Total Cost To Close: | $49,277.61 |
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 |
---|---|---|---|---|---|---|
$24,700 | $41,972 | $0 | $0 | $1,690 | $68,362 | |
$24,700 | $42,817 | $0 | $2,093 | $1,698 | $71,307 | |
$24,700 | $10,627 | $18,514 | $2,690 | $4,198 | $60,729 | |
$24,700 | $3,987 | $14,721 | $3,260 | $4,729 | $51,397 | |
$24,700 | -$1,824 | $11,914 | $3,893 | $5,333 | $44,015 | |
$24,700 | -$10,479 | $10,017 | $4,502 | $5,886 | $34,627 | |
$24,695 | $0 | $7,972 | $0 | $6,012 | $38,679 | |
Totals: | $172,892 | $87,101 | $63,138 | $16,438 | $29,546 | $369,115 |
* 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