The Real Estate Financial Planner Blueprint™
29 Wichita, Kansas Nomad™ Starting with $0
Purchased Wichita, Kansas Nomad™ Property - $0 Start 7 Property
Bought in Month 409
We have a Rule that has you buying the Wichita, Kansas Nomad™ Property - $0 Start 7 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 409 after we've adjusted for all the income and expenses for the entire month.
To purchase the Wichita, Kansas Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $432,624.52 purchase price that means you need to have $21,631.23 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($4,326.25) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $21,631.23 |
Rent Ready Costs | $0 |
Closing Costs | $4,326.25 |
Seller Concessions | $0 |
Total Cost To Close: | $25,957.47 |
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 |
---|---|---|---|---|---|---|
$13,011 | $18,950 | $0 | $0 | $1,503 | $33,463 | |
$13,011 | $18,699 | $0 | $1,102 | $1,501 | $34,313 | |
$13,011 | $3,560 | $10,746 | $1,307 | $2,719 | $31,343 | |
$13,011 | -$962 | $8,080 | $1,659 | $3,044 | $24,833 | |
$13,011 | -$5,196 | $6,406 | $2,016 | $3,376 | $19,612 | |
$13,011 | -$10,328 | $5,200 | $2,401 | $3,845 | $14,129 | |
$13,008 | $0 | $4,200 | $0 | $3,746 | $20,954 | |
Totals: | $91,073 | $24,724 | $34,632 | $8,484 | $19,735 | $178,647 |
* 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
- 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports