The Real Estate Financial Planner Blueprint™
29 Spring Hill, Florida Nomad™ Starting with $0
Purchased Spring Hill, Florida Nomad™ Property - $0 Start 10 Property
Bought in Month 500
We have a Rule that has you buying the Spring Hill, Florida Nomad™ Property - $0 Start 10 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 500 after we've adjusted for all the income and expenses for the entire month.
To purchase the Spring Hill, Florida Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $906,846.62 purchase price that means you need to have $45,342.33 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($9,068.47) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $45,342.33 |
Rent Ready Costs | $0 |
Closing Costs | $9,068.47 |
Seller Concessions | $0 |
Total Cost To Close: | $54,410.80 |
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 |
---|---|---|---|---|---|---|
$27,272 | $63,536 | $0 | $0 | $2,633 | $93,441 | |
$27,272 | $63,750 | $0 | $0 | $2,635 | $93,657 | |
$27,272 | $62,474 | $0 | $2,311 | $2,623 | $94,680 | |
$27,272 | $32,619 | $24,384 | $2,562 | $5,012 | $91,850 | |
$27,272 | $31,772 | $21,937 | $2,800 | $5,250 | $89,032 | |
$27,272 | $27,088 | $19,909 | $3,037 | $5,454 | $82,761 | |
$27,272 | $24,654 | $18,390 | $3,246 | $5,649 | $79,212 | |
$27,272 | $22,351 | $17,138 | $3,444 | $5,833 | $76,038 | |
$27,272 | $21,184 | $15,971 | $3,653 | $6,040 | $74,121 | |
$27,267 | $0 | $8,803 | $0 | $7,204 | $43,273 | |
Totals: | $272,719 | $349,429 | $126,531 | $21,053 | $48,333 | $818,066 |
* 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 $6,000 and a Ideal Target Monthly Income in Retirement™ of $9,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports