The Real Estate Financial Planner Blueprint™
29 Quincy, Massachusetts Nomad™ Starting with $0
Purchased Quincy, Massachusetts Nomad™ Property - $0 Start 8 Property
Bought in Month 712
We have a Rule that has you buying the Quincy, Massachusetts Nomad™ Property - $0 Start 8 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 712 after we've adjusted for all the income and expenses for the entire month.
To purchase the Quincy, Massachusetts Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $3,503,545.12 purchase price that means you need to have $175,177.26 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($35,035.45) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $175,177.26 |
Rent Ready Costs | $0 |
Closing Costs | $35,035.45 |
Seller Concessions | $0 |
Total Cost To Close: | $210,212.71 |
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 |
---|---|---|---|---|---|---|
$105,366 | $156,618 | $0 | $0 | $6,338 | $268,321 | |
$105,366 | $152,989 | $0 | $0 | $6,305 | $264,660 | |
$105,366 | $155,055 | $0 | $8,927 | $6,324 | $275,671 | |
$105,366 | $15,941 | $76,691 | $11,763 | $17,269 | $227,029 | |
$105,366 | -$10,074 | $62,799 | $13,908 | $19,259 | $191,258 | |
$105,366 | -$34,960 | $52,958 | $16,044 | $21,250 | $160,657 | |
$105,366 | -$70,208 | $42,858 | $19,157 | $24,161 | $121,334 | |
$105,344 | $0 | $34,009 | $0 | $25,057 | $164,410 | |
Totals: | $842,903 | $365,361 | $269,316 | $69,798 | $125,963 | $1,673,341 |
* 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