The Real Estate Financial Planner Blueprint™
29 Grand Prairie, Texas Nomad™ Starting with $0
Purchased Grand Prairie, Texas Nomad™ Property - $0 Start 5 Property
Bought in Month 420
We have a Rule that has you buying the Grand Prairie, 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 420 after we've adjusted for all the income and expenses for the entire month.
To purchase the Grand Prairie, Texas Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $800,359.58 purchase price that means you need to have $40,017.98 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,003.60) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $40,017.98 |
Rent Ready Costs | $0 |
Closing Costs | $8,003.60 |
Seller Concessions | $0 |
Total Cost To Close: | $48,021.57 |
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 |
---|---|---|---|---|---|---|
$24,070 | $36,495 | $0 | $2,039 | $3,003 | $65,606 | |
$24,070 | $8,710 | $21,083 | $2,301 | $5,138 | $61,302 | |
$24,070 | -$1,369 | $14,558 | $3,138 | $5,916 | $46,314 | |
$24,070 | -$11,142 | $10,662 | $4,074 | $6,799 | $34,463 | |
$24,065 | $0 | $7,769 | $0 | $7,123 | $38,958 | |
Totals: | $120,345 | $32,694 | $54,072 | $11,553 | $27,979 | $246,643 |
* 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
- 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
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports