The Real Estate Financial Planner Blueprint™
29 Austin, Texas Nomad™ Starting with $0
Purchased Austin, Texas Nomad™ Property - $0 Start 7 Property
Bought in Month 988
We have a Rule that has you buying the Austin, Texas Nomad™ Property - $0 Start 7 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 988 after we've adjusted for all the income and expenses for the entire month.
To purchase the Austin, Texas Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $5,746,236.89 purchase price that means you need to have $287,311.84 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($57,462.37) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $287,311.84 |
Rent Ready Costs | $0 |
Closing Costs | $57,462.37 |
Seller Concessions | $0 |
Total Cost To Close: | $344,774.21 |
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 |
---|---|---|---|---|---|---|
$172,812 | $172,953 | $0 | $0 | $18,374 | $364,140 | |
$172,812 | $176,541 | $0 | $0 | $18,406 | $367,760 | |
$172,812 | $168,518 | $0 | $0 | $18,335 | $359,665 | |
$172,812 | $169,401 | $0 | $14,641 | $18,343 | $375,196 | |
$172,812 | -$68,191 | $118,255 | $20,317 | $37,271 | $280,464 | |
$172,812 | -$139,574 | $86,348 | $26,443 | $42,982 | $189,012 | |
$172,777 | $0 | $55,779 | $0 | $48,982 | $277,538 | |
Totals: | $1,209,651 | $479,648 | $260,382 | $61,401 | $202,692 | $2,213,774 |
* 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 $13,000 and a Ideal Target Monthly Income in Retirement™ of $20,000 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
- 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports