The Real Estate Financial Planner Blueprint™
29 Midland, Texas Nomad™ Starting with $0
Purchased Midland, Texas Nomad™ Property - $0 Start 7 Property
Bought in Month 453
We have a Rule that has you buying the Midland, 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 453 after we've adjusted for all the income and expenses for the entire month.
To purchase the Midland, Texas Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $782,699.95 purchase price that means you need to have $39,135 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,827) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $39,135 |
Rent Ready Costs | $0 |
Closing Costs | $7,827 |
Seller Concessions | $0 |
Total Cost To Close: | $46,962 |
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 |
---|---|---|---|---|---|---|
$23,539 | $38,456 | $0 | $0 | $2,527 | $64,522 | |
$23,539 | $37,685 | $0 | $1,994 | $2,520 | $65,738 | |
$23,539 | $9,383 | $18,224 | $2,495 | $4,853 | $58,494 | |
$23,539 | $2,568 | $14,030 | $3,107 | $5,426 | $48,669 | |
$23,539 | -$5,600 | $11,287 | $3,728 | $5,997 | $38,952 | |
$23,539 | -$16,945 | $9,297 | $4,386 | $6,959 | $27,237 | |
$23,534 | $0 | $7,598 | $0 | $6,580 | $37,712 | |
Totals: | $164,768 | $65,547 | $60,436 | $15,711 | $34,863 | $341,325 |
* 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