The Real Estate Financial Planner Blueprint™
29 Coral Springs, Florida Nomad™ Starting with $0
Purchased Coral Springs, Florida Nomad™ Property - $0 Start 9 Property
Bought in Month 933
We have a Rule that has you buying the Coral Springs, Florida Nomad™ Property - $0 Start 9 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 933 after we've adjusted for all the income and expenses for the entire month.
To purchase the Coral Springs, Florida Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $5,195,729.48 purchase price that means you need to have $259,786.47 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($51,957.29) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $259,786.47 |
Rent Ready Costs | $0 |
Closing Costs | $51,957.29 |
Seller Concessions | $0 |
Total Cost To Close: | $311,743.77 |
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 |
---|---|---|---|---|---|---|
$156,256 | $247,863 | $0 | $0 | $15,654 | $419,773 | |
$156,256 | $242,006 | $0 | $0 | $15,602 | $413,865 | |
$156,256 | $247,863 | $0 | $0 | $15,654 | $419,773 | |
$156,256 | $242,006 | $0 | $0 | $15,602 | $413,865 | |
$156,256 | $247,863 | $0 | $0 | $15,654 | $419,773 | |
$156,256 | $248,847 | $0 | $0 | $15,663 | $420,767 | |
$156,256 | $248,847 | $0 | $13,238 | $15,663 | $434,005 | |
$156,256 | $70,040 | $132,511 | $15,347 | $29,968 | $404,122 | |
$156,225 | $0 | $50,435 | $0 | $42,724 | $249,383 | |
Totals: | $1,406,275 | $1,795,336 | $182,946 | $28,585 | $182,184 | $3,595,327 |
* 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