The Real Estate Financial Planner Blueprint™
29 Lewisville, Texas Nomad™ Starting with $0
Purchased Lewisville, Texas Nomad™ Property - $0 Start 7 Property
Bought in Month 660
We have a Rule that has you buying the Lewisville, 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 660 after we've adjusted for all the income and expenses for the entire month.
To purchase the Lewisville, Texas Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $1,855,824.84 purchase price that means you need to have $92,791.24 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($18,558.25) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $92,791.24 |
Rent Ready Costs | $0 |
Closing Costs | $18,558.25 |
Seller Concessions | $0 |
Total Cost To Close: | $111,349.49 |
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 |
---|---|---|---|---|---|---|
$55,812 | $72,226 | $0 | $0 | $6,257 | $134,294 | |
$55,812 | $73,903 | $0 | $0 | $6,272 | $135,987 | |
$55,812 | $71,560 | $0 | $4,728 | $6,251 | $138,351 | |
$55,812 | -$2,731 | $39,101 | $6,433 | $12,253 | $110,868 | |
$55,812 | -$18,384 | $31,458 | $7,720 | $13,446 | $90,053 | |
$55,812 | -$36,173 | $24,722 | $9,448 | $15,078 | $68,886 | |
$55,801 | $0 | $18,014 | $0 | $15,979 | $89,794 | |
Totals: | $390,673 | $160,401 | $113,295 | $28,330 | $75,535 | $768,234 |
* 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