The Real Estate Financial Planner Blueprint™
29 Huntsville, Alabama Nomad™ Starting with $0
Purchased Huntsville, Alabama Nomad™ Property - $0 Start 6 Property
Bought in Month 479
We have a Rule that has you buying the Huntsville, Alabama 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 479 after we've adjusted for all the income and expenses for the entire month.
To purchase the Huntsville, Alabama Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $810,041.04 purchase price that means you need to have $40,502.05 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,100.41) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $40,502.05 |
Rent Ready Costs | $0 |
Closing Costs | $8,100.41 |
Seller Concessions | $0 |
Total Cost To Close: | $48,602.46 |
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 |
---|---|---|---|---|---|---|
$24,361 | $37,917 | $0 | $0 | $2,159 | $64,437 | |
$24,361 | $37,629 | $0 | $2,064 | $2,156 | $66,211 | |
$24,361 | $3,513 | $16,818 | $2,843 | $4,797 | $52,332 | |
$24,361 | -$5,843 | $12,499 | $3,646 | $5,546 | $40,209 | |
$24,361 | -$11,328 | $10,478 | $4,227 | $6,099 | $33,836 | |
$24,356 | $0 | $7,863 | $0 | $6,409 | $38,628 | |
Totals: | $146,162 | $61,887 | $47,658 | $12,779 | $27,166 | $295,653 |
* 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports