The Real Estate Financial Planner Blueprint™
29 Seattle, Washington Nomad™ Starting with $0
Purchased Seattle, Washington Nomad™ Property - $0 Start 5 Property
Bought in Month 796
We have a Rule that has you buying the Seattle, 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 796 after we've adjusted for all the income and expenses for the entire month.
To purchase the Seattle, Washington Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $6,559,499.66 purchase price that means you need to have $327,974.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($65,595) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $327,974.98 |
Rent Ready Costs | $0 |
Closing Costs | $65,595 |
Seller Concessions | $0 |
Total Cost To Close: | $393,569.98 |
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 |
---|---|---|---|---|---|---|
$197,270 | $216,877 | $0 | $0 | $7,721 | $421,868 | |
$197,270 | $216,877 | $0 | $16,713 | $7,721 | $438,581 | |
$197,270 | -$46,204 | $140,248 | $22,461 | $28,644 | $342,420 | |
$197,270 | -$165,542 | $89,196 | $32,823 | $38,314 | $192,061 | |
$197,230 | $0 | $63,673 | $0 | $43,780 | $304,684 | |
Totals: | $986,312 | $222,008 | $293,118 | $71,997 | $126,179 | $1,699,613 |
* 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 $19,000 and a Ideal Target Monthly Income in Retirement™ of $29,000 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
- 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
- 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
- Final Month Summary
Reports