The Real Estate Financial Planner Blueprint™
Coral Springs, Florida Nomad™

Purchased Typical Coral Springs, Florida Nomad™ Property 6 Property
Bought in Month 489

We have a Rule that has you buying the Typical Coral Springs, Florida Nomad™ Property 6 Property even if your Account balance in the All-In-One Account Earning 7%/year Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year Account from the start of the Scenario to Month 489 after we've adjusted for all the income and expenses for the entire month.

To purchase the Typical Coral Springs, Florida Nomad™ Property 6 Property, we're assuming you're getting a 5% down payment loan. With a $1,740,480.72 purchase price that means you need to have $87,024.04 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($17,404.81) minus any seller concessions ($0).

Description Amount
Down Payment $87,024.04
Rent Ready Costs $0
Closing Costs $17,404.81
Seller Concessions $0
Total Cost To Close: $104,428.84

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
Typical Coral Springs, Florida Nomad™ Property 1 $52,343 $83,360 $0 $0 $5,247 $140,950
Typical Coral Springs, Florida Nomad™ Property 2 $52,343 $81,393 $0 $4,435 $5,229 $143,400
Typical Coral Springs, Florida Nomad™ Property 3 $52,343 $12,559 $36,563 $6,048 $10,882 $118,394
Typical Coral Springs, Florida Nomad™ Property 4 $52,343 -$8,984 $27,173 $7,757 $12,460 $90,748
Typical Coral Springs, Florida Nomad™ Property 5 $52,343 -$23,234 $22,316 $9,149 $13,774 $74,348
Typical Coral Springs, Florida Nomad™ Property 6* $52,333 $0 $16,895 $0 $14,312 $83,539
Totals: $314,049 $145,092 $102,946 $27,389 $61,903 $651,379
* 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 $13,000 and a Ideal Target Monthly Income in Retirement™ of $20,000 at the time of achieving your  Goal of financial independence, let's look at the Phases of Financial Independence™.

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