The Real Estate Financial Planner Blueprint™
29 The Woodlands, Texas Nomad™ Starting with $0
Purchased The Woodlands, Texas Nomad™ Property - $0 Start 5 Property
Bought in Month 814
We have a Rule that has you buying the The Woodlands, 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 814 after we've adjusted for all the income and expenses for the entire month.
To purchase the The Woodlands, Texas Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $3,327,871.55 purchase price that means you need to have $166,393.58 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($33,278.72) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $166,393.58 |
Rent Ready Costs | $0 |
Closing Costs | $33,278.72 |
Seller Concessions | $0 |
Total Cost To Close: | $199,672.29 |
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 |
---|---|---|---|---|---|---|
$100,082 | $86,202 | $0 | $0 | $11,484 | $197,769 | |
$100,082 | $87,223 | $0 | $0 | $11,493 | $198,799 | |
$100,082 | $86,202 | $0 | $8,479 | $11,484 | $206,248 | |
$100,082 | -$70,529 | $57,923 | $13,540 | $24,113 | $125,130 | |
$100,062 | $0 | $32,304 | $0 | $29,264 | $161,630 | |
Totals: | $500,392 | $189,098 | $90,227 | $22,019 | $87,840 | $889,575 |
* 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 $12,000 and a Ideal Target Monthly Income in Retirement™ of $18,000 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
- 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports