The Real Estate Financial Planner Blueprint™
29 Sparks, Nevada Nomad™ Starting with $0
Purchased Sparks, Nevada Nomad™ Property - $0 Start 7 Property
Bought in Month 496
We have a Rule that has you buying the Sparks, Nevada Nomad™ Property - $0 Start 7 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 496 after we've adjusted for all the income and expenses for the entire month.
To purchase the Sparks, Nevada Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $1,605,260.82 purchase price that means you need to have $80,263.04 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($16,052.61) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $80,263.04 |
Rent Ready Costs | $0 |
Closing Costs | $16,052.61 |
Seller Concessions | $0 |
Total Cost To Close: | $96,315.65 |
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 |
---|---|---|---|---|---|---|
$48,277 | $77,566 | $0 | $0 | $2,110 | $127,952 | |
$48,277 | $77,566 | $0 | $4,090 | $2,110 | $132,042 | |
$48,277 | $14,929 | $35,554 | $5,337 | $7,080 | $111,176 | |
$48,277 | $3,568 | $27,940 | $6,531 | $8,216 | $94,532 | |
$48,277 | -$16,251 | $21,893 | $8,013 | $9,574 | $71,506 | |
$48,277 | -$38,587 | $18,956 | $9,041 | $11,402 | $49,089 | |
$48,267 | $0 | $15,582 | $0 | $10,717 | $74,566 | |
Totals: | $337,926 | $118,790 | $119,926 | $33,011 | $51,209 | $660,863 |
* 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 $10,000 and a Ideal Target Monthly Income in Retirement™ of $15,000 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
- 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports