The Real Estate Financial Planner Blueprint™
29 New Bedford, Massachusetts Nomad™ Starting with $0
Purchased New Bedford, Massachusetts Nomad™ Property - $0 Start 4 Property
Bought in Month 419
We have a Rule that has you buying the New Bedford, Massachusetts Nomad™ Property - $0 Start 4 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 419 after we've adjusted for all the income and expenses for the entire month.
To purchase the New Bedford, Massachusetts Nomad™ Property - $0 Start 4 Property, we're assuming you're getting a 5% down payment loan. With a $932,444.97 purchase price that means you need to have $46,622.25 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($9,324.45) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $46,622.25 |
Rent Ready Costs | $0 |
Closing Costs | $9,324.45 |
Seller Concessions | $0 |
Total Cost To Close: | $55,946.70 |
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 |
---|---|---|---|---|---|---|
$28,042 | $42,254 | $0 | $2,376 | $1,786 | $74,458 | |
$28,042 | $3,321 | $19,303 | $3,281 | $4,837 | $58,783 | |
$28,042 | -$11,431 | $12,829 | $4,620 | $6,093 | $40,154 | |
$28,037 | $0 | $9,051 | $0 | $6,755 | $43,843 | |
Totals: | $112,164 | $34,145 | $41,183 | $10,276 | $19,472 | $217,239 |
* 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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports