The Real Estate Financial Planner Blueprint™
29 Coral Springs, Florida Nomad™ Starting with $0
Purchased Coral Springs, Florida Nomad™ Property - $0 Start 6 Property
Bought in Month 524
We have a Rule that has you buying the Coral Springs, Florida Nomad™ Property - $0 Start 6 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 524 after we've adjusted for all the income and expenses for the entire month.
To purchase the Coral Springs, Florida Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $1,897,191.29 purchase price that means you need to have $94,859.56 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($18,971.91) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $94,859.56 |
Rent Ready Costs | $0 |
Closing Costs | $18,971.91 |
Seller Concessions | $0 |
Total Cost To Close: | $113,831.48 |
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 |
---|---|---|---|---|---|---|
$57,056 | $90,506 | $0 | $0 | $5,716 | $153,278 | |
$57,056 | $88,368 | $0 | $4,834 | $5,697 | $155,955 | |
$57,056 | $13,690 | $39,855 | $6,593 | $11,861 | $129,055 | |
$57,056 | -$10,390 | $29,532 | $8,476 | $13,598 | $98,272 | |
$57,056 | -$25,686 | $24,325 | $9,973 | $15,011 | $80,680 | |
$57,045 | $0 | $18,416 | $0 | $15,601 | $91,062 | |
Totals: | $342,325 | $156,487 | $112,129 | $29,876 | $67,485 | $708,302 |
* 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