The Real Estate Financial Planner Blueprint™
29 Clearwater, Florida Nomad™ Starting with $0
Purchased Clearwater, Florida Nomad™ Property - $0 Start 10 Property
Bought in Month 662
We have a Rule that has you buying the Clearwater, 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 Clearwater, Florida Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $1,651,405.68 purchase price that means you need to have $82,570.28 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($16,514.06) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $82,570.28 |
Rent Ready Costs | $0 |
Closing Costs | $16,514.06 |
Seller Concessions | $0 |
Total Cost To Close: | $99,084.34 |
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 |
---|---|---|---|---|---|---|
$49,664 | $94,950 | $0 | $0 | $4,688 | $149,302 | |
$49,664 | $92,254 | $0 | $0 | $4,664 | $146,582 | |
$49,664 | $91,256 | $0 | $0 | $4,655 | $145,575 | |
$49,664 | $91,256 | $0 | $0 | $4,655 | $145,575 | |
$49,664 | $92,588 | $0 | $4,208 | $4,667 | $151,127 | |
$49,664 | $37,200 | $43,119 | $4,783 | $9,127 | $143,893 | |
$49,664 | $28,385 | $37,336 | $5,396 | $9,685 | $130,466 | |
$49,664 | $27,090 | $34,085 | $5,824 | $10,116 | $126,780 | |
$49,664 | $17,286 | $30,754 | $6,349 | $10,572 | $114,625 | |
$49,654 | $0 | $16,030 | $0 | $13,163 | $78,848 | |
Totals: | $496,634 | $572,264 | $161,324 | $26,560 | $75,992 | $1,332,773 |
* 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