The Real Estate Financial Planner Blueprint™
29 Seattle, Washington Nomad™ Starting with $0
Purchased Seattle, Washington Nomad™ Property - $0 Start 6 Property
Bought in Month 916
We have a Rule that has you buying the Seattle, Washington Nomad™ Property - $0 Start 6 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 916 after we've adjusted for all the income and expenses for the entire month.
To purchase the Seattle, Washington Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $8,815,419.04 purchase price that means you need to have $440,770.95 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($88,154.19) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $440,770.95 |
Rent Ready Costs | $0 |
Closing Costs | $88,154.19 |
Seller Concessions | $0 |
Total Cost To Close: | $528,925.14 |
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 |
---|---|---|---|---|---|---|
$265,115 | $291,464 | $0 | $0 | $10,376 | $566,955 | |
$265,115 | $291,464 | $0 | $0 | $10,376 | $566,955 | |
$265,115 | $289,601 | $0 | $22,461 | $10,359 | $587,537 | |
$265,115 | -$90,955 | $170,560 | $32,823 | $40,969 | $418,512 | |
$265,115 | -$181,185 | $132,468 | $40,567 | $48,188 | $305,153 | |
$265,061 | $0 | $85,571 | $0 | $58,837 | $409,469 | |
Totals: | $1,590,635 | $600,390 | $388,599 | $95,851 | $179,105 | $2,854,581 |
* 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