The Real Estate Financial Planner Blueprint™
29 Fall River, Massachusetts Nomad™ Starting with $0
Purchased Fall River, Massachusetts Nomad™ Property - $0 Start 7 Property
Bought in Month 698
We have a Rule that has you buying the Fall River, Massachusetts 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 698 after we've adjusted for all the income and expenses for the entire month.
To purchase the Fall River, Massachusetts Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $1,943,863.32 purchase price that means you need to have $97,193.17 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($19,438.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $97,193.17 |
Rent Ready Costs | $0 |
Closing Costs | $19,438.63 |
Seller Concessions | $0 |
Total Cost To Close: | $116,631.80 |
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 |
---|---|---|---|---|---|---|
$58,460 | $67,845 | $0 | $0 | $3,156 | $129,461 | |
$58,460 | $66,194 | $0 | $0 | $3,142 | $127,795 | |
$58,460 | $67,845 | $0 | $4,953 | $3,156 | $134,414 | |
$58,460 | -$4,360 | $45,259 | $6,197 | $8,933 | $114,489 | |
$58,460 | -$25,273 | $34,133 | $7,851 | $10,459 | $85,630 | |
$58,460 | -$51,109 | $25,367 | $10,068 | $12,526 | $55,311 | |
$58,448 | $0 | $18,869 | $0 | $13,720 | $91,037 | |
Totals: | $409,206 | $121,141 | $123,629 | $29,069 | $55,092 | $738,137 |
* 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
- 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports