The Real Estate Financial Planner Blueprint™
29 Midland, Texas Nomad™ Starting with $0
Purchased Midland, Texas Nomad™ Property - $0 Start 6 Property
Bought in Month 413
We have a Rule that has you buying the Midland, 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 413 after we've adjusted for all the income and expenses for the entire month.
To purchase the Midland, Texas Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $709,258.52 purchase price that means you need to have $35,462.93 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,092.59) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $35,462.93 |
Rent Ready Costs | $0 |
Closing Costs | $7,092.59 |
Seller Concessions | $0 |
Total Cost To Close: | $42,555.51 |
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 |
---|---|---|---|---|---|---|
$21,330 | $34,847 | $0 | $1,506 | $2,290 | $59,973 | |
$21,330 | $10,913 | $19,184 | $1,994 | $4,143 | $57,564 | |
$21,330 | $5,774 | $14,682 | $2,495 | $4,616 | $48,898 | |
$21,330 | -$1,070 | $11,303 | $3,107 | $5,188 | $39,859 | |
$21,330 | -$9,151 | $9,094 | $3,728 | $5,760 | $30,762 | |
$21,326 | $0 | $6,885 | $0 | $5,960 | $34,171 | |
Totals: | $127,977 | $41,312 | $61,148 | $12,831 | $27,957 | $271,226 |
* 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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Final Month Summary
Reports