The Real Estate Financial Planner Blueprint™
29 Kent, Washington Nomad™ Starting with $0
Purchased Kent, Washington Nomad™ Property - $0 Start 10 Property
Bought in Month 1124
We have a Rule that has you buying the Kent, Washington 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 1124 after we've adjusted for all the income and expenses for the entire month.
To purchase the Kent, Washington Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $9,543,804.09 purchase price that means you need to have $477,190.20 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($95,438.04) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $477,190.20 |
Rent Ready Costs | $0 |
Closing Costs | $95,438.04 |
Seller Concessions | $0 |
Total Cost To Close: | $572,628.25 |
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 |
---|---|---|---|---|---|---|
$287,020 | $396,189 | $0 | $0 | $15,207 | $698,416 | |
$287,020 | $397,490 | $0 | $0 | $15,218 | $699,729 | |
$287,020 | $392,304 | $0 | $0 | $15,172 | $694,497 | |
$287,020 | $392,304 | $0 | $0 | $15,172 | $694,497 | |
$287,020 | $392,304 | $0 | $0 | $15,172 | $694,497 | |
$287,020 | $392,304 | $0 | $0 | $15,172 | $694,497 | |
$287,020 | $393,596 | $0 | $0 | $15,184 | $695,800 | |
$287,020 | $392,304 | $0 | $22,308 | $15,172 | $716,805 | |
$287,020 | -$166,847 | $129,016 | $47,992 | $59,904 | $357,085 | |
$286,962 | $0 | $92,642 | $0 | $66,598 | $446,202 | |
Totals: | $2,870,144 | $2,981,949 | $221,658 | $70,300 | $247,971 | $6,392,022 |
* 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
- 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Final Month Summary
Reports