The Real Estate Financial Planner Blueprint™
29 Albuquerque, New Mexico Nomad™ Starting with $0
Purchased Albuquerque, New Mexico Nomad™ Property - $0 Start 8 Property
Bought in Month 458
We have a Rule that has you buying the Albuquerque, New Mexico 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 458 after we've adjusted for all the income and expenses for the entire month.
To purchase the Albuquerque, New Mexico Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $830,858.12 purchase price that means you need to have $41,542.91 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,308.58) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $41,542.91 |
Rent Ready Costs | $0 |
Closing Costs | $8,308.58 |
Seller Concessions | $0 |
Total Cost To Close: | $49,851.49 |
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 |
---|---|---|---|---|---|---|
$24,987 | $44,773 | $0 | $0 | $1,768 | $71,528 | |
$24,987 | $45,971 | $0 | $2,117 | $1,778 | $74,853 | |
$24,987 | $14,132 | $19,288 | $2,655 | $4,245 | $65,308 | |
$24,987 | $8,373 | $15,887 | $3,124 | $4,680 | $57,052 | |
$24,987 | $3,024 | $12,934 | $3,712 | $5,241 | $49,898 | |
$24,987 | -$5,119 | $10,906 | $4,282 | $5,759 | $40,816 | |
$24,987 | -$16,154 | $9,754 | $4,702 | $6,642 | $29,931 | |
$24,982 | $0 | $8,065 | $0 | $6,115 | $39,162 | |
Totals: | $199,893 | $95,001 | $76,835 | $20,593 | $36,228 | $428,550 |
* 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
- 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports