The Real Estate Financial Planner Blueprint™
29 Baton Rouge, Louisiana Nomad™ Starting with $0
Purchased Baton Rouge, Louisiana Nomad™ Property - $0 Start 4 Property
Bought in Month 399
We have a Rule that has you buying the Baton Rouge, Louisiana Nomad™ Property - $0 Start 4 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 399 after we've adjusted for all the income and expenses for the entire month.
To purchase the Baton Rouge, Louisiana Nomad™ Property - $0 Start 4 Property, we're assuming you're getting a 5% down payment loan. With a $557,630.14 purchase price that means you need to have $27,881.51 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($5,576.30) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $27,881.51 |
Rent Ready Costs | $0 |
Closing Costs | $5,576.30 |
Seller Concessions | $0 |
Total Cost To Close: | $33,457.81 |
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 |
---|---|---|---|---|---|---|
$16,770 | $25,872 | $0 | $1,421 | $1,766 | $45,829 | |
$16,770 | $3,238 | $11,680 | $1,943 | $3,577 | $37,207 | |
$16,770 | -$7,136 | $7,650 | $2,770 | $4,341 | $24,394 | |
$16,767 | $0 | $5,413 | $0 | $4,662 | $26,842 | |
Totals: | $67,077 | $21,973 | $24,743 | $6,133 | $14,346 | $134,272 |
* 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports