The Real Estate Financial Planner Blueprint™
29 Billings, Montana Nomad™ Starting with $0
Purchased Billings, Montana Nomad™ Property - $0 Start 6 Property
Bought in Month 416
We have a Rule that has you buying the Billings, Montana Nomad™ Property - $0 Start 6 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 416 after we've adjusted for all the income and expenses for the entire month.
To purchase the Billings, Montana Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $850,307.65 purchase price that means you need to have $42,515.38 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,503.08) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $42,515.38 |
Rent Ready Costs | $0 |
Closing Costs | $8,503.08 |
Seller Concessions | $0 |
Total Cost To Close: | $51,018.46 |
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 |
---|---|---|---|---|---|---|
$25,572 | $42,664 | $0 | $2,166 | $1,633 | $72,036 | |
$25,572 | $14,464 | $22,399 | $2,444 | $3,914 | $68,793 | |
$25,572 | $5,574 | $16,793 | $3,112 | $4,526 | $55,578 | |
$25,572 | -$1,475 | $13,432 | $3,753 | $5,127 | $46,409 | |
$25,572 | -$10,068 | $10,775 | $4,514 | $5,839 | $36,633 | |
$25,567 | $0 | $8,254 | $0 | $6,134 | $39,955 | |
Totals: | $153,428 | $51,158 | $71,653 | $15,989 | $27,174 | $319,403 |
* 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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 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
- 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports