The Real Estate Financial Planner Blueprint™
29 Lowell, Massachusetts Nomad™ Starting with $0
Purchased Lowell, Massachusetts Nomad™ Property - $0 Start 10 Property
Bought in Month 987
We have a Rule that has you buying the Lowell, Massachusetts 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 987 after we've adjusted for all the income and expenses for the entire month.
To purchase the Lowell, Massachusetts Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $4,620,605.70 purchase price that means you need to have $231,030.29 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($46,206.06) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $231,030.29 |
Rent Ready Costs | $0 |
Closing Costs | $46,206.06 |
Seller Concessions | $0 |
Total Cost To Close: | $277,236.34 |
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 |
---|---|---|---|---|---|---|
$138,960 | $211,008 | $0 | $0 | $8,575 | $358,543 | |
$138,960 | $208,899 | $0 | $0 | $8,556 | $356,415 | |
$138,960 | $205,420 | $0 | $0 | $8,525 | $352,905 | |
$138,960 | $205,420 | $0 | $0 | $8,525 | $352,905 | |
$138,960 | $211,008 | $0 | $0 | $8,575 | $358,543 | |
$138,960 | $205,420 | $0 | $0 | $8,525 | $352,905 | |
$138,960 | $206,112 | $0 | $0 | $8,531 | $353,604 | |
$138,960 | $205,420 | $0 | $11,773 | $8,525 | $364,678 | |
$138,960 | -$56,068 | $64,895 | $22,503 | $29,506 | $199,796 | |
$138,932 | $0 | $44,852 | $0 | $33,195 | $216,979 | |
Totals: | $1,389,572 | $1,602,638 | $109,748 | $34,276 | $131,037 | $3,267,272 |
* 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