The Real Estate Financial Planner Blueprint™
29 St Paul, Minnesota Nomad™ Starting with $0
Purchased St Paul, Minnesota Nomad™ Property - $0 Start 7 Property
Bought in Month 476
We have a Rule that has you buying the St Paul, Minnesota 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 476 after we've adjusted for all the income and expenses for the entire month.
To purchase the St Paul, Minnesota Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $853,343.18 purchase price that means you need to have $42,667.16 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,533.43) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $42,667.16 |
Rent Ready Costs | $0 |
Closing Costs | $8,533.43 |
Seller Concessions | $0 |
Total Cost To Close: | $51,200.59 |
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 |
---|---|---|---|---|---|---|
$25,663 | $44,767 | $0 | $0 | $2,095 | $72,525 | |
$25,663 | $44,453 | $0 | $2,174 | $2,092 | $74,383 | |
$25,663 | $11,563 | $19,012 | $2,823 | $4,723 | $63,784 | |
$25,663 | $5,107 | $14,853 | $3,472 | $5,338 | $54,433 | |
$25,663 | -$5,311 | $11,776 | $4,218 | $6,018 | $42,364 | |
$25,663 | -$14,302 | $10,196 | $4,759 | $6,820 | $33,136 | |
$25,658 | $0 | $8,283 | $0 | $6,553 | $40,494 | |
Totals: | $179,639 | $86,277 | $64,120 | $17,446 | $33,637 | $381,119 |
* 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 $6,000 and a Ideal Target Monthly Income in Retirement™ of $9,000 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
- 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- 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
- Final Month Summary
Reports