The Real Estate Financial Planner Blueprint™
29 Sandy Springs, Georgia Nomad™ Starting with $0
Purchased Sandy Springs, Georgia Nomad™ Property - $0 Start 7 Property
Bought in Month 1132
We have a Rule that has you buying the Sandy Springs, Georgia Nomad™ Property - $0 Start 7 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 1132 after we've adjusted for all the income and expenses for the entire month.
To purchase the Sandy Springs, Georgia Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $11,553,268.81 purchase price that means you need to have $577,663.44 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($115,532.69) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $577,663.44 |
Rent Ready Costs | $0 |
Closing Costs | $115,532.69 |
Seller Concessions | $0 |
Total Cost To Close: | $693,196.13 |
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 |
---|---|---|---|---|---|---|
$347,453 | $313,882 | $0 | $0 | $21,662 | $682,997 | |
$347,453 | $320,403 | $0 | $0 | $21,720 | $689,576 | |
$347,453 | $316,481 | $0 | $0 | $21,685 | $685,619 | |
$347,453 | $313,882 | $0 | $29,437 | $21,662 | $712,434 | |
$347,453 | -$158,536 | $239,866 | $40,547 | $59,455 | $528,786 | |
$347,453 | -$318,410 | $168,582 | $54,492 | $72,476 | $324,594 | |
$347,383 | $0 | $112,148 | $0 | $84,944 | $544,474 | |
Totals: | $2,432,100 | $787,703 | $520,596 | $124,477 | $303,604 | $4,168,479 |
* 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 $16,000 and a Ideal Target Monthly Income in Retirement™ of $24,000 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
- 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
- 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
- Final Month Summary
Reports