The Real Estate Financial Planner Blueprint™
29 Arlington, Texas Nomad™ Starting with $0
Purchased Arlington, Texas Nomad™ Property - $0 Start 4 Property
Bought in Month 420
We have a Rule that has you buying the Arlington, Texas 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 420 after we've adjusted for all the income and expenses for the entire month.
To purchase the Arlington, Texas Nomad™ Property - $0 Start 4 Property, we're assuming you're getting a 5% down payment loan. With a $809,355.82 purchase price that means you need to have $40,467.79 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,093.56) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $40,467.79 |
Rent Ready Costs | $0 |
Closing Costs | $8,093.56 |
Seller Concessions | $0 |
Total Cost To Close: | $48,561.35 |
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 |
---|---|---|---|---|---|---|
$24,341 | $30,807 | $0 | $2,062 | $2,880 | $60,090 | |
$24,341 | $2,266 | $19,927 | $2,462 | $5,177 | $54,172 | |
$24,341 | -$12,695 | $12,127 | $3,734 | $6,361 | $33,866 | |
$24,336 | $0 | $7,856 | $0 | $7,111 | $39,304 | |
Totals: | $97,357 | $20,377 | $39,910 | $8,258 | $21,529 | $187,432 |
* 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
- Paid Off Mortgage
- 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