The Real Estate Financial Planner Blueprint™
29 Quincy, Massachusetts Nomad™ Starting with $0
Purchased Quincy, Massachusetts Nomad™ Property - $0 Start 4 Property
Bought in Month 464
We have a Rule that has you buying the Quincy, 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 464 after we've adjusted for all the income and expenses for the entire month.
To purchase the Quincy, Massachusetts Nomad™ Property - $0 Start 4 Property, we're assuming you're getting a 5% down payment loan. With a $1,901,976.17 purchase price that means you need to have $95,098.81 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($19,019.76) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $95,098.81 |
Rent Ready Costs | $0 |
Closing Costs | $19,019.76 |
Seller Concessions | $0 |
Total Cost To Close: | $114,118.57 |
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 |
---|---|---|---|---|---|---|
$57,200 | $85,027 | $0 | $4,846 | $3,441 | $150,514 | |
$57,200 | $8,841 | $41,756 | $6,370 | $9,361 | $123,527 | |
$57,200 | -$19,827 | $27,917 | $8,927 | $11,754 | $85,970 | |
$57,188 | $0 | $18,462 | $0 | $13,611 | $89,262 | |
Totals: | $228,789 | $74,041 | $88,135 | $20,143 | $38,165 | $449,273 |
* 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 $13,000 and a Ideal Target Monthly Income in Retirement™ of $20,000 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
- 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
- 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