The Real Estate Financial Planner Blueprint™
29 Livonia, Michigan Nomad™ Starting with $0
Purchased Livonia, Michigan Nomad™ Property - $0 Start 9 Property
Bought in Month 820
We have a Rule that has you buying the Livonia, Michigan Nomad™ Property - $0 Start 9 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 820 after we've adjusted for all the income and expenses for the entire month.
To purchase the Livonia, Michigan Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $1,907,883.15 purchase price that means you need to have $95,394.16 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($19,078.83) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $95,394.16 |
Rent Ready Costs | $0 |
Closing Costs | $19,078.83 |
Seller Concessions | $0 |
Total Cost To Close: | $114,472.99 |
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 |
---|---|---|---|---|---|---|
$57,378 | $101,021 | $0 | $0 | $5,283 | $163,682 | |
$57,378 | $99,547 | $0 | $0 | $5,270 | $162,195 | |
$57,378 | $99,547 | $0 | $0 | $5,270 | $162,195 | |
$57,378 | $99,547 | $0 | $0 | $5,270 | $162,195 | |
$57,378 | $99,914 | $0 | $0 | $5,273 | $162,565 | |
$57,378 | $100,283 | $0 | $0 | $5,276 | $162,936 | |
$57,378 | $99,914 | $0 | $4,861 | $5,273 | $167,426 | |
$57,378 | -$21,561 | $23,270 | $10,458 | $15,024 | $84,569 | |
$57,366 | $0 | $18,520 | $0 | $15,174 | $91,059 | |
Totals: | $516,387 | $678,214 | $41,790 | $15,319 | $67,111 | $1,318,821 |
* 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 $6,000 and a Ideal Target Monthly Income in Retirement™ of $9,000 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
- 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- 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
- Paid Off Mortgage
- Final Month Summary
Reports