The Real Estate Financial Planner Blueprint™
29 Albuquerque, New Mexico Nomad™ Starting with $0
Purchased Albuquerque, New Mexico Nomad™ Property - $0 Start 10 Property
Bought in Month 744
We have a Rule that has you buying the Albuquerque, New Mexico 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 744 after we've adjusted for all the income and expenses for the entire month.
To purchase the Albuquerque, New Mexico Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $1,680,663.32 purchase price that means you need to have $84,033.17 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($16,806.63) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $84,033.17 |
Rent Ready Costs | $0 |
Closing Costs | $16,806.63 |
Seller Concessions | $0 |
Total Cost To Close: | $100,839.80 |
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 |
---|---|---|---|---|---|---|
$50,544 | $90,573 | $0 | $0 | $3,576 | $144,693 | |
$50,544 | $92,996 | $0 | $0 | $3,597 | $147,138 | |
$50,544 | $91,174 | $0 | $0 | $3,581 | $145,300 | |
$50,544 | $90,573 | $0 | $0 | $3,576 | $144,693 | |
$50,544 | $93,609 | $0 | $0 | $3,603 | $147,756 | |
$50,544 | $90,573 | $0 | $2,855 | $3,576 | $147,548 | |
$50,544 | $35,785 | $45,726 | $4,702 | $7,959 | $144,717 | |
$50,544 | $30,705 | $41,136 | $5,138 | $8,365 | $135,889 | |
$50,544 | -$11,370 | $21,048 | $9,010 | $12,001 | $81,234 | |
$50,534 | $0 | $16,314 | $0 | $12,380 | $79,228 | |
Totals: | $505,432 | $604,620 | $124,225 | $21,706 | $62,214 | $1,318,196 |
* 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