The Real Estate Financial Planner Blueprint™
21 Buy 10 Nomads™ with .25 Worse Mortgage Interest Rate
Purchased Typical Henderson, Nevada Nomad™ Property with .25 Higher Interest Rate 10 Property
Bought in Month 1016
We have a Rule that has you buying the Typical Henderson, Nevada Nomad™ Property with .25 Higher Interest Rate 10 Property even if your Account balance in the All-In-One Account Earning 7%/year Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year Account from the start of the Scenario to Month 1016 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Henderson, Nevada Nomad™ Property with .25 Higher Interest Rate 10 Property, we're assuming you're getting a 5% down payment loan. With a $5,590,918.39 purchase price that means you need to have $279,545.92 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($55,909.18) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $279,545.92 |
Rent Ready Costs | $0 |
Closing Costs | $55,909.18 |
Seller Concessions | $0 |
Total Cost To Close: | $335,455.10 |
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 |
---|---|---|---|---|---|---|
$168,141 | $271,384 | $0 | $0 | $7,055 | $446,581 | |
$168,141 | $268,211 | $0 | $0 | $7,027 | $443,380 | |
$168,141 | $264,289 | $0 | $0 | $6,992 | $439,422 | |
$168,141 | $269,001 | $0 | $0 | $7,034 | $444,177 | |
$168,141 | $271,384 | $0 | $0 | $7,055 | $446,581 | |
$168,141 | $262,733 | $0 | $0 | $6,979 | $437,853 | |
$168,141 | $262,733 | $0 | $11,930 | $6,979 | $449,783 | |
$168,141 | -$10,569 | $95,491 | $22,860 | $28,843 | $304,766 | |
$168,141 | -$83,477 | $70,599 | $28,958 | $34,675 | $218,896 | |
$168,107 | $0 | $51,742 | $0 | $37,805 | $257,654 | |
Totals: | $1,681,378 | $1,775,690 | $217,832 | $63,747 | $150,446 | $3,889,092 |
* 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 $9,000 and a Ideal Target Monthly Income in Retirement™ of $14,000 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
- 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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- 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
- Final Month Summary
Reports