The Real Estate Financial Planner Blueprint™
29 Des Moines, Iowa Nomad™ Starting with $0
Purchased Des Moines, Iowa Nomad™ Property - $0 Start 9 Property
Bought in Month 396
We have a Rule that has you buying the Des Moines, Iowa Nomad™ Property - $0 Start 9 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 396 after we've adjusted for all the income and expenses for the entire month.
To purchase the Des Moines, Iowa Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $441,511.60 purchase price that means you need to have $22,075.58 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($4,415.12) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,075.58 |
Rent Ready Costs | $0 |
Closing Costs | $4,415.12 |
Seller Concessions | $0 |
Total Cost To Close: | $26,490.70 |
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 |
---|---|---|---|---|---|---|
$13,278 | $24,034 | $0 | $0 | $1,519 | $38,831 | |
$13,278 | $10,630 | $12,966 | $1,159 | $2,600 | $40,632 | |
$13,278 | $8,612 | $11,227 | $1,307 | $2,736 | $37,160 | |
$13,278 | $5,564 | $9,496 | $1,504 | $2,913 | $32,755 | |
$13,278 | $3,262 | $8,150 | $1,710 | $3,105 | $29,506 | |
$13,278 | $800 | $7,057 | $1,929 | $3,311 | $26,375 | |
$13,278 | -$1,990 | $6,110 | $2,177 | $3,542 | $23,117 | |
$13,278 | -$6,185 | $5,291 | $2,456 | $3,937 | $18,776 | |
$13,275 | $0 | $4,286 | $0 | $3,774 | $21,335 | |
Totals: | $119,499 | $44,727 | $64,583 | $12,243 | $27,437 | $268,489 |
* 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 $5,000 and a Ideal Target Monthly Income in Retirement™ of $8,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports