The Real Estate Financial Planner Blueprint™
29 Lawrence, Kansas Nomad™ Starting with $0
Purchased Lawrence, Kansas Nomad™ Property - $0 Start 8 Property
Bought in Month 438
We have a Rule that has you buying the Lawrence, Kansas Nomad™ Property - $0 Start 8 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 438 after we've adjusted for all the income and expenses for the entire month.
To purchase the Lawrence, Kansas Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $738,266.87 purchase price that means you need to have $36,913.34 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,382.67) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $36,913.34 |
Rent Ready Costs | $0 |
Closing Costs | $7,382.67 |
Seller Concessions | $0 |
Total Cost To Close: | $44,296.01 |
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 |
---|---|---|---|---|---|---|
$22,203 | $39,232 | $0 | $0 | $2,657 | $64,091 | |
$22,203 | $40,040 | $0 | $1,881 | $2,664 | $66,787 | |
$22,203 | $12,099 | $17,911 | $2,274 | $4,770 | $59,257 | |
$22,203 | $6,723 | $14,368 | $2,735 | $5,201 | $51,230 | |
$22,203 | $2,126 | $12,045 | $3,171 | $5,611 | $45,156 | |
$22,203 | -$4,554 | $10,009 | $3,703 | $6,103 | $37,464 | |
$22,203 | -$15,983 | $8,466 | $4,262 | $7,074 | $26,020 | |
$22,198 | $0 | $7,166 | $0 | $6,429 | $35,793 | |
Totals: | $177,616 | $79,683 | $69,966 | $18,026 | $40,508 | $385,799 |
* 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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 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
- Paid Off Mortgage
- 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports