The Real Estate Financial Planner Blueprint™
29 Worcester, Massachusetts Nomad™ Starting with $0
Purchased Worcester, Massachusetts Nomad™ Property - $0 Start 10 Property
Bought in Month 1064
We have a Rule that has you buying the Worcester, 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 1064 after we've adjusted for all the income and expenses for the entire month.
To purchase the Worcester, Massachusetts Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $4,655,217.41 purchase price that means you need to have $232,760.87 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($46,552.17) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $232,760.87 |
Rent Ready Costs | $0 |
Closing Costs | $46,552.17 |
Seller Concessions | $0 |
Total Cost To Close: | $279,313.04 |
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 |
---|---|---|---|---|---|---|
$140,001 | $198,375 | $0 | $0 | $9,923 | $348,299 | |
$140,001 | $194,823 | $0 | $0 | $9,891 | $344,716 | |
$140,001 | $196,239 | $0 | $0 | $9,904 | $346,144 | |
$140,001 | $200,527 | $0 | $0 | $9,942 | $350,470 | |
$140,001 | $194,823 | $0 | $0 | $9,891 | $344,716 | |
$140,001 | $199,808 | $0 | $0 | $9,936 | $349,745 | |
$140,001 | $194,823 | $0 | $0 | $9,891 | $344,716 | |
$140,001 | $199,808 | $0 | $9,934 | $9,936 | $359,678 | |
$140,001 | -$51,717 | $70,989 | $21,160 | $29,614 | $210,048 | |
$139,973 | $0 | $45,188 | $0 | $34,699 | $219,860 | |
Totals: | $1,399,981 | $1,527,512 | $116,177 | $31,094 | $143,626 | $3,218,391 |
* 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 $8,000 and a Ideal Target Monthly Income in Retirement™ of $12,000 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports