The Real Estate Financial Planner Blueprint™
29 St Petersburg, Florida Nomad™ Starting with $0
Purchased St Petersburg, Florida Nomad™ Property - $0 Start 10 Property
Bought in Month 421
We have a Rule that has you buying the St Petersburg, 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 421 after we've adjusted for all the income and expenses for the entire month.
To purchase the St Petersburg, Florida Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $881,113.19 purchase price that means you need to have $44,055.66 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,811.13) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $44,055.66 |
Rent Ready Costs | $0 |
Closing Costs | $8,811.13 |
Seller Concessions | $0 |
Total Cost To Close: | $52,866.79 |
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 |
---|---|---|---|---|---|---|
$26,499 | $52,161 | $0 | $0 | $2,473 | $81,132 | |
$26,499 | $24,935 | $25,350 | $2,353 | $4,667 | $83,803 | |
$26,499 | $20,138 | $21,950 | $2,654 | $4,937 | $76,177 | |
$26,499 | $16,006 | $18,784 | $3,025 | $5,284 | $69,597 | |
$26,499 | $11,668 | $16,265 | $3,413 | $5,647 | $63,491 | |
$26,499 | $6,203 | $14,083 | $3,850 | $6,052 | $56,688 | |
$26,499 | $821 | $12,303 | $4,312 | $6,483 | $50,417 | |
$26,499 | -$3,838 | $11,067 | $4,712 | $6,855 | $45,296 | |
$26,499 | -$13,628 | $9,956 | $5,149 | $7,818 | $35,794 | |
$26,493 | $0 | $8,553 | $0 | $6,990 | $42,036 | |
Totals: | $264,981 | $114,467 | $138,310 | $29,468 | $57,207 | $604,433 |
* 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
- 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
- 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