The Real Estate Financial Planner Blueprint™
29 Wilmington, Delaware Nomad™ Starting with $0
Purchased Wilmington, Delaware Nomad™ Property - $0 Start 8 Property
Bought in Month 710
We have a Rule that has you buying the Wilmington, Delaware 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 710 after we've adjusted for all the income and expenses for the entire month.
To purchase the Wilmington, Delaware Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $1,527,847.90 purchase price that means you need to have $76,392.40 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($15,278.48) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $76,392.40 |
Rent Ready Costs | $0 |
Closing Costs | $15,278.48 |
Seller Concessions | $0 |
Total Cost To Close: | $91,670.87 |
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 |
---|---|---|---|---|---|---|
$45,948 | $78,080 | $0 | $0 | $3,145 | $127,173 | |
$45,948 | $79,653 | $0 | $0 | $3,159 | $128,760 | |
$45,948 | $78,080 | $0 | $0 | $3,145 | $127,173 | |
$45,948 | $78,080 | $0 | $0 | $3,145 | $127,173 | |
$45,948 | $80,982 | $0 | $3,893 | $3,170 | $133,993 | |
$45,948 | $25,630 | $39,081 | $4,502 | $7,341 | $122,501 | |
$45,948 | $18,901 | $33,840 | $5,079 | $7,879 | $111,647 | |
$45,939 | $0 | $14,831 | $0 | $11,184 | $71,954 | |
Totals: | $367,578 | $439,405 | $87,751 | $13,474 | $42,166 | $950,374 |
* 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