The Real Estate Financial Planner Blueprint™
29 Durham, North Carolina Nomad™ Starting with $0
Purchased Durham, North Carolina Nomad™ Property - $0 Start 9 Property
Bought in Month 819
We have a Rule that has you buying the Durham, North Carolina Nomad™ Property - $0 Start 9 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 819 after we've adjusted for all the income and expenses for the entire month.
To purchase the Durham, North Carolina Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $2,709,592.11 purchase price that means you need to have $135,479.61 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($27,095.92) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $135,479.61 |
Rent Ready Costs | $0 |
Closing Costs | $27,095.92 |
Seller Concessions | $0 |
Total Cost To Close: | $162,575.53 |
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 |
---|---|---|---|---|---|---|
$81,488 | $135,219 | $0 | $0 | $5,411 | $222,118 | |
$81,488 | $132,098 | $0 | $0 | $5,383 | $218,969 | |
$81,488 | $134,770 | $0 | $0 | $5,407 | $221,664 | |
$81,488 | $132,098 | $0 | $0 | $5,383 | $218,969 | |
$81,488 | $132,541 | $0 | $0 | $5,387 | $219,415 | |
$81,488 | $132,098 | $0 | $6,904 | $5,383 | $225,873 | |
$81,488 | $42,231 | $71,796 | $7,751 | $12,611 | $215,878 | |
$81,488 | $30,645 | $62,168 | $8,746 | $13,538 | $196,585 | |
$81,472 | $0 | $26,302 | $0 | $19,718 | $127,492 | |
Totals: | $733,378 | $871,699 | $160,266 | $23,401 | $78,220 | $1,866,964 |
* 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 $8,000 and a Ideal Target Monthly Income in Retirement™ of $12,000 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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports