The Real Estate Financial Planner Blueprint™
29 Lowell, Massachusetts Nomad™ Starting with $0
Purchased Lowell, Massachusetts Nomad™ Property - $0 Start 6 Property
Bought in Month 514
We have a Rule that has you buying the Lowell, Massachusetts Nomad™ Property - $0 Start 6 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 514 after we've adjusted for all the income and expenses for the entire month.
To purchase the Lowell, Massachusetts Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $1,441,113.88 purchase price that means you need to have $72,055.69 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($14,411.14) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $72,055.69 |
Rent Ready Costs | $0 |
Closing Costs | $14,411.14 |
Seller Concessions | $0 |
Total Cost To Close: | $86,466.83 |
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 |
---|---|---|---|---|---|---|
$43,340 | $65,815 | $0 | $0 | $2,675 | $111,830 | |
$43,340 | $65,157 | $0 | $3,672 | $2,669 | $114,838 | |
$43,340 | $5,289 | $30,008 | $5,045 | $7,362 | $91,044 | |
$43,340 | -$11,687 | $22,171 | $6,502 | $8,720 | $69,046 | |
$43,340 | -$22,011 | $18,587 | $7,538 | $9,701 | $57,154 | |
$43,331 | $0 | $13,989 | $0 | $10,361 | $67,681 | |
Totals: | $260,031 | $102,564 | $84,754 | $22,758 | $41,486 | $511,594 |
* 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 $9,000 and a Ideal Target Monthly Income in Retirement™ of $14,000 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
- 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
- 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports