The Real Estate Financial Planner Blueprint™
29 Portland, Maine Nomad™ Starting with $0
Purchased Portland, Maine Nomad™ Property - $0 Start 9 Property
Bought in Month 489
We have a Rule that has you buying the Portland, Maine 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 489 after we've adjusted for all the income and expenses for the entire month.
To purchase the Portland, Maine Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $1,491,155.26 purchase price that means you need to have $74,557.76 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($14,911.55) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $74,557.76 |
Rent Ready Costs | $0 |
Closing Costs | $14,911.55 |
Seller Concessions | $0 |
Total Cost To Close: | $89,469.32 |
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 |
---|---|---|---|---|---|---|
$44,845 | $84,799 | $0 | $0 | $3,146 | $132,790 | |
$44,845 | $85,628 | $0 | $3,799 | $3,153 | $137,425 | |
$44,845 | $29,641 | $36,390 | $4,570 | $7,389 | $122,835 | |
$44,845 | $20,855 | $30,329 | $5,324 | $8,092 | $109,445 | |
$44,845 | $11,517 | $25,426 | $6,172 | $8,887 | $96,847 | |
$44,845 | $2,363 | $21,951 | $6,981 | $9,643 | $85,784 | |
$44,845 | -$8,886 | $19,007 | $7,877 | $10,471 | $73,314 | |
$44,845 | -$25,904 | $17,250 | $8,544 | $12,002 | $56,738 | |
$44,836 | $0 | $14,475 | $0 | $10,931 | $70,241 | |
Totals: | $403,596 | $200,012 | $164,828 | $43,269 | $73,712 | $885,418 |
* 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 $10,000 and a Ideal Target Monthly Income in Retirement™ of $15,000 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports