The Real Estate Financial Planner Blueprint™
29 Richardson, Texas Nomad™ Starting with $0
Purchased Richardson, Texas Nomad™ Property - $0 Start 7 Property
Bought in Month 730
We have a Rule that has you buying the Richardson, 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 730 after we've adjusted for all the income and expenses for the entire month.
To purchase the Richardson, Texas Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $2,374,941.58 purchase price that means you need to have $118,747.08 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($23,749.42) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $118,747.08 |
Rent Ready Costs | $0 |
Closing Costs | $23,749.42 |
Seller Concessions | $0 |
Total Cost To Close: | $142,496.49 |
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 |
---|---|---|---|---|---|---|
$71,424 | $93,807 | $0 | $0 | $7,702 | $172,933 | |
$71,424 | $95,076 | $0 | $0 | $7,713 | $174,213 | |
$71,424 | $92,130 | $0 | $6,051 | $7,687 | $177,292 | |
$71,424 | $6,023 | $55,622 | $7,534 | $14,724 | $155,328 | |
$71,424 | -$18,074 | $41,459 | $9,639 | $16,690 | $121,137 | |
$71,424 | -$47,537 | $31,176 | $12,240 | $19,122 | $86,425 | |
$71,410 | $0 | $23,054 | $0 | $20,177 | $114,640 | |
Totals: | $499,953 | $221,424 | $151,309 | $35,465 | $93,815 | $1,001,967 |
* 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports