The Real Estate Financial Planner Blueprint™
29 Quincy, Massachusetts Nomad™ Starting with $0
Purchased Quincy, Massachusetts Nomad™ Property - $0 Start 10 Property
Bought in Month 1072
We have a Rule that has you buying the Quincy, 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 1072 after we've adjusted for all the income and expenses for the entire month.
To purchase the Quincy, Massachusetts Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $8,504,023.58 purchase price that means you need to have $425,201.18 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($85,040.24) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $425,201.18 |
Rent Ready Costs | $0 |
Closing Costs | $85,040.24 |
Seller Concessions | $0 |
Total Cost To Close: | $510,241.41 |
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 |
---|---|---|---|---|---|---|
$255,750 | $380,152 | $0 | $0 | $15,383 | $651,285 | |
$255,750 | $371,345 | $0 | $0 | $15,305 | $642,400 | |
$255,750 | $376,359 | $0 | $0 | $15,349 | $647,458 | |
$255,750 | $371,345 | $0 | $0 | $15,305 | $642,400 | |
$255,750 | $368,856 | $0 | $0 | $15,283 | $639,889 | |
$255,750 | $368,856 | $0 | $0 | $15,283 | $639,889 | |
$255,750 | $371,345 | $0 | $0 | $15,305 | $642,400 | |
$255,750 | $368,856 | $0 | $21,668 | $15,283 | $661,557 | |
$255,750 | -$139,313 | $111,631 | $43,830 | $56,157 | $328,055 | |
$255,698 | $0 | $82,549 | $0 | $60,820 | $399,066 | |
Totals: | $2,557,447 | $2,837,803 | $194,179 | $65,497 | $239,472 | $5,894,398 |
* 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