The Real Estate Financial Planner Blueprint™
29 Overland Park, Kansas Nomad™ Starting with $0
Purchased Overland Park, Kansas Nomad™ Property - $0 Start 6 Property
Bought in Month 792
We have a Rule that has you buying the Overland Park, Kansas 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 792 after we've adjusted for all the income and expenses for the entire month.
To purchase the Overland Park, Kansas Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $2,645,927.52 purchase price that means you need to have $132,296.38 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($26,459.28) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $132,296.38 |
Rent Ready Costs | $0 |
Closing Costs | $26,459.28 |
Seller Concessions | $0 |
Total Cost To Close: | $158,755.65 |
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 |
---|---|---|---|---|---|---|
$79,574 | $80,918 | $0 | $0 | $8,526 | $169,018 | |
$79,574 | $81,334 | $0 | $0 | $8,530 | $169,438 | |
$79,574 | $78,033 | $0 | $6,742 | $8,501 | $172,849 | |
$79,574 | -$28,470 | $53,974 | $9,424 | $17,314 | $131,816 | |
$79,574 | -$69,170 | $37,052 | $12,918 | $20,570 | $80,944 | |
$79,557 | $0 | $25,684 | $0 | $22,603 | $127,844 | |
Totals: | $477,425 | $142,646 | $116,710 | $29,084 | $86,044 | $851,909 |
* 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 $10,000 and a Ideal Target Monthly Income in Retirement™ of $15,000 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
- 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports