The Real Estate Financial Planner Blueprint™
29 Largo, Florida Nomad™ Starting with $0
Purchased Largo, Florida Nomad™ Property - $0 Start 8 Property
Bought in Month 421
We have a Rule that has you buying the Largo, Florida Nomad™ Property - $0 Start 8 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 421 after we've adjusted for all the income and expenses for the entire month.
To purchase the Largo, Florida Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $874,219.23 purchase price that means you need to have $43,710.96 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,742.19) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $43,710.96 |
Rent Ready Costs | $0 |
Closing Costs | $8,742.19 |
Seller Concessions | $0 |
Total Cost To Close: | $52,453.15 |
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 |
---|---|---|---|---|---|---|
$26,291 | $49,464 | $0 | $186 | $2,661 | $78,602 | |
$26,291 | $20,361 | $24,279 | $2,404 | $4,892 | $78,227 | |
$26,291 | $16,876 | $19,999 | $2,829 | $5,300 | $71,295 | |
$26,291 | $9,406 | $16,376 | $3,344 | $5,768 | $61,186 | |
$26,291 | $4,991 | $14,056 | $3,801 | $6,202 | $55,341 | |
$26,291 | -$1,003 | $12,028 | $4,332 | $6,698 | $48,346 | |
$26,291 | -$10,809 | $10,415 | $4,887 | $7,565 | $38,350 | |
$26,286 | $0 | $8,486 | $0 | $7,140 | $41,913 | |
Totals: | $210,325 | $89,287 | $105,639 | $21,783 | $46,227 | $473,260 |
* 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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports