The Real Estate Financial Planner Blueprint™
29 Columbia, Missouri Nomad™ Starting with $0
Purchased Columbia, Missouri Nomad™ Property - $0 Start 4 Property
Bought in Month 406
We have a Rule that has you buying the Columbia, Missouri 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 406 after we've adjusted for all the income and expenses for the entire month.
To purchase the Columbia, Missouri Nomad™ Property - $0 Start 4 Property, we're assuming you're getting a 5% down payment loan. With a $643,578.69 purchase price that means you need to have $32,178.93 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($6,435.79) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $32,178.93 |
Rent Ready Costs | $0 |
Closing Costs | $6,435.79 |
Seller Concessions | $0 |
Total Cost To Close: | $38,614.72 |
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 |
---|---|---|---|---|---|---|
$19,355 | $24,325 | $0 | $1,640 | $1,705 | $47,025 | |
$19,355 | $626 | $15,296 | $2,017 | $3,583 | $40,876 | |
$19,355 | -$11,042 | $9,391 | $3,036 | $4,534 | $25,274 | |
$19,351 | $0 | $6,247 | $0 | $5,131 | $30,729 | |
Totals: | $77,416 | $13,908 | $30,934 | $6,692 | $14,953 | $143,903 |
* 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
- 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
- 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