The Real Estate Financial Planner Blueprint™
29 Coral Springs, Florida Nomad™ Starting with $0
Purchased Coral Springs, Florida Nomad™ Property - $0 Start 5 Property
Bought in Month 458
We have a Rule that has you buying the Coral Springs, Florida Nomad™ Property - $0 Start 5 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 Coral Springs, Florida Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $1,612,524.74 purchase price that means you need to have $80,626.24 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($16,125.25) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $80,626.24 |
Rent Ready Costs | $0 |
Closing Costs | $16,125.25 |
Seller Concessions | $0 |
Total Cost To Close: | $96,751.48 |
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 |
---|---|---|---|---|---|---|
$48,495 | $76,917 | $0 | $4,109 | $4,858 | $134,379 | |
$48,495 | $18,780 | $40,407 | $4,834 | $9,347 | $121,863 | |
$48,495 | $101 | $27,902 | $6,593 | $11,003 | $94,095 | |
$48,495 | -$23,658 | $20,676 | $8,476 | $12,742 | $66,732 | |
$48,485 | $0 | $15,653 | $0 | $13,232 | $77,370 | |
Totals: | $242,465 | $72,141 | $104,638 | $24,012 | $51,183 | $494,439 |
* 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
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
- 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- 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
- Final Month Summary
Reports