The Real Estate Financial Planner Blueprint™
29 Brandon, Florida Nomad™ Starting with $0
Purchased Brandon, Florida Nomad™ Property - $0 Start 10 Property
Bought in Month 662
We have a Rule that has you buying the Brandon, Florida 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 662 after we've adjusted for all the income and expenses for the entire month.
To purchase the Brandon, Florida Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $1,638,368.39 purchase price that means you need to have $81,918.42 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($16,383.68) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $81,918.42 |
Rent Ready Costs | $0 |
Closing Costs | $16,383.68 |
Seller Concessions | $0 |
Total Cost To Close: | $98,302.10 |
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 |
---|---|---|---|---|---|---|
$49,272 | $92,690 | $0 | $0 | $4,636 | $146,598 | |
$49,272 | $90,373 | $0 | $0 | $4,615 | $144,260 | |
$49,272 | $90,045 | $0 | $0 | $4,612 | $143,929 | |
$49,272 | $90,045 | $0 | $0 | $4,612 | $143,929 | |
$49,272 | $91,361 | $0 | $4,174 | $4,624 | $149,432 | |
$49,272 | $36,409 | $42,779 | $4,745 | $9,050 | $142,255 | |
$49,272 | $27,670 | $37,041 | $5,354 | $9,602 | $128,939 | |
$49,272 | $25,366 | $33,816 | $5,778 | $10,022 | $124,254 | |
$49,272 | $17,199 | $30,781 | $6,252 | $10,440 | $113,944 | |
$49,262 | $0 | $15,904 | $0 | $13,058 | $78,224 | |
Totals: | $492,713 | $561,156 | $160,321 | $26,304 | $75,271 | $1,315,765 |
* 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 $8,000 and a Ideal Target Monthly Income in Retirement™ of $12,000 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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports