The Real Estate Financial Planner Blueprint™
29 Murfreesboro, Tennessee Nomad™ Starting with $0
Purchased Murfreesboro, Tennessee Nomad™ Property - $0 Start 5 Property
Bought in Month 562
We have a Rule that has you buying the Murfreesboro, Tennessee Nomad™ Property - $0 Start 5 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 562 after we've adjusted for all the income and expenses for the entire month.
To purchase the Murfreesboro, Tennessee Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $1,432,832.35 purchase price that means you need to have $71,641.62 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($14,328.32) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $71,641.62 |
Rent Ready Costs | $0 |
Closing Costs | $14,328.32 |
Seller Concessions | $0 |
Total Cost To Close: | $85,969.94 |
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 |
---|---|---|---|---|---|---|
$43,091 | $57,141 | $0 | $0 | $2,975 | $103,207 | |
$43,091 | $56,309 | $0 | $3,651 | $2,967 | $106,018 | |
$43,091 | -$8,223 | $26,919 | $5,468 | $8,057 | $75,312 | |
$43,091 | -$22,770 | $20,542 | $6,859 | $9,368 | $57,089 | |
$43,082 | $0 | $13,908 | $0 | $10,654 | $67,645 | |
Totals: | $215,446 | $82,457 | $61,370 | $15,977 | $34,021 | $409,272 |
* 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
- 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