The Real Estate Financial Planner Blueprint™
29 Arlington, Texas Nomad™ Starting with $0
Purchased Arlington, Texas Nomad™ Property - $0 Start 5 Property
Bought in Month 492
We have a Rule that has you buying the Arlington, Texas 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 492 after we've adjusted for all the income and expenses for the entire month.
To purchase the Arlington, Texas Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $966,413.18 purchase price that means you need to have $48,320.66 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($9,664.13) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $48,320.66 |
Rent Ready Costs | $0 |
Closing Costs | $9,664.13 |
Seller Concessions | $0 |
Total Cost To Close: | $57,984.79 |
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 |
---|---|---|---|---|---|---|
$29,064 | $36,785 | $0 | $0 | $3,439 | $69,288 | |
$29,064 | $36,962 | $0 | $2,462 | $3,441 | $71,929 | |
$29,064 | -$6,717 | $17,892 | $3,734 | $6,920 | $50,892 | |
$29,064 | -$21,534 | $12,612 | $5,005 | $8,105 | $33,252 | |
$29,058 | $0 | $9,381 | $0 | $8,491 | $46,930 | |
Totals: | $145,314 | $45,495 | $39,884 | $11,202 | $30,396 | $272,291 |
* 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