The Real Estate Financial Planner Blueprint™
29 St Paul, Minnesota Nomad™ Starting with $0
Purchased St Paul, Minnesota Nomad™ Property - $0 Start 8 Property
Bought in Month 794
We have a Rule that has you buying the St Paul, Minnesota 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 794 after we've adjusted for all the income and expenses for the entire month.
To purchase the St Paul, Minnesota Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $1,867,713.16 purchase price that means you need to have $93,385.66 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($18,677.13) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $93,385.66 |
Rent Ready Costs | $0 |
Closing Costs | $18,677.13 |
Seller Concessions | $0 |
Total Cost To Close: | $112,062.79 |
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 |
---|---|---|---|---|---|---|
$56,170 | $97,971 | $0 | $0 | $4,584 | $158,724 | |
$56,170 | $97,284 | $0 | $0 | $4,578 | $158,032 | |
$56,170 | $97,284 | $0 | $0 | $4,578 | $158,032 | |
$56,170 | $99,703 | $0 | $0 | $4,599 | $160,472 | |
$56,170 | $95,921 | $0 | $0 | $4,566 | $156,656 | |
$56,170 | $97,971 | $0 | $4,759 | $4,584 | $163,483 | |
$56,170 | $34,433 | $50,221 | $5,277 | $9,485 | $155,586 | |
$56,158 | $0 | $18,130 | $0 | $14,317 | $88,605 | |
Totals: | $449,345 | $620,567 | $68,351 | $10,036 | $51,290 | $1,199,589 |
* 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