The Real Estate Financial Planner Blueprint™
29 Lewisville, Texas Nomad™ Starting with $0
Purchased Lewisville, Texas Nomad™ Property - $0 Start 5 Property
Bought in Month 499
We have a Rule that has you buying the Lewisville, 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 499 after we've adjusted for all the income and expenses for the entire month.
To purchase the Lewisville, Texas Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $1,248,257.60 purchase price that means you need to have $62,412.88 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($12,482.58) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $62,412.88 |
Rent Ready Costs | $0 |
Closing Costs | $12,482.58 |
Seller Concessions | $0 |
Total Cost To Close: | $74,895.46 |
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 |
---|---|---|---|---|---|---|
$37,540 | $48,582 | $0 | $0 | $4,208 | $90,331 | |
$37,540 | $49,711 | $0 | $3,180 | $4,219 | $94,650 | |
$37,540 | -$6,957 | $23,659 | $4,728 | $8,612 | $67,582 | |
$37,540 | -$26,374 | $16,386 | $6,433 | $10,205 | $44,190 | |
$37,532 | $0 | $12,117 | $0 | $10,758 | $60,408 | |
Totals: | $187,693 | $64,962 | $52,162 | $14,342 | $38,002 | $357,161 |
* 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 $10,000 and a Ideal Target Monthly Income in Retirement™ of $15,000 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
- 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports