The Real Estate Financial Planner Blueprint™
29 Everett, Washington Nomad™ Starting with $0
Purchased Everett, Washington Nomad™ Property - $0 Start 5 Property
Bought in Month 611
We have a Rule that has you buying the Everett, Washington Nomad™ Property - $0 Start 5 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 611 after we've adjusted for all the income and expenses for the entire month.
To purchase the Everett, Washington Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $2,830,143.57 purchase price that means you need to have $141,507.18 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($28,301.44) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $141,507.18 |
Rent Ready Costs | $0 |
Closing Costs | $28,301.44 |
Seller Concessions | $0 |
Total Cost To Close: | $169,808.61 |
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 |
---|---|---|---|---|---|---|
$85,114 | $110,038 | $0 | $0 | $4,000 | $199,151 | |
$85,114 | $108,978 | $0 | $7,211 | $3,990 | $205,293 | |
$85,114 | -$18,221 | $53,016 | $10,827 | $14,072 | $144,808 | |
$85,114 | -$48,583 | $40,337 | $13,614 | $16,689 | $107,172 | |
$85,096 | $0 | $27,472 | $0 | $19,365 | $131,934 | |
Totals: | $425,551 | $152,212 | $120,825 | $31,652 | $58,116 | $788,357 |
* 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 $13,000 and a Ideal Target Monthly Income in Retirement™ of $20,000 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Paid Off Mortgage
- 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
- Final Month Summary
Reports