The Real Estate Financial Planner Blueprint™
29 Denton, Texas Nomad™ Starting with $0
Purchased Denton, Texas Nomad™ Property - $0 Start 6 Property
Bought in Month 772
We have a Rule that has you buying the Denton, Texas Nomad™ Property - $0 Start 6 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 772 after we've adjusted for all the income and expenses for the entire month.
To purchase the Denton, Texas Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $2,242,741.66 purchase price that means you need to have $112,137.08 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($22,427.42) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $112,137.08 |
Rent Ready Costs | $0 |
Closing Costs | $22,427.42 |
Seller Concessions | $0 |
Total Cost To Close: | $134,564.50 |
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 |
---|---|---|---|---|---|---|
$67,448 | $71,179 | $0 | $0 | $7,564 | $146,191 | |
$67,448 | $69,353 | $0 | $0 | $7,548 | $144,349 | |
$67,448 | $69,353 | $0 | $5,714 | $7,548 | $150,063 | |
$67,448 | -$23,531 | $46,290 | $7,910 | $14,914 | $113,032 | |
$67,448 | -$53,893 | $32,725 | $10,578 | $17,407 | $74,266 | |
$67,435 | $0 | $21,770 | $0 | $19,442 | $108,647 | |
Totals: | $404,675 | $132,462 | $100,786 | $24,203 | $74,423 | $736,549 |
* 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 $9,000 and a Ideal Target Monthly Income in Retirement™ of $14,000 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports