The Real Estate Financial Planner Blueprint™
29 Cheyenne, Wyoming Nomad™ Starting with $0
Purchased Cheyenne, Wyoming Nomad™ Property - $0 Start 5 Property
Bought in Month 574
We have a Rule that has you buying the Cheyenne, Wyoming 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 574 after we've adjusted for all the income and expenses for the entire month.
To purchase the Cheyenne, Wyoming Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $1,321,961.84 purchase price that means you need to have $66,098.09 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($13,219.62) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $66,098.09 |
Rent Ready Costs | $0 |
Closing Costs | $13,219.62 |
Seller Concessions | $0 |
Total Cost To Close: | $79,317.71 |
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 |
---|---|---|---|---|---|---|
$39,757 | $50,929 | $0 | $0 | $2,573 | $93,259 | |
$39,757 | $49,470 | $0 | $3,368 | $2,560 | $95,155 | |
$39,757 | -$10,478 | $24,259 | $5,145 | $7,356 | $66,039 | |
$39,757 | -$27,289 | $17,662 | $6,713 | $8,831 | $45,674 | |
$39,749 | $0 | $12,832 | $0 | $9,689 | $62,270 | |
Totals: | $198,775 | $62,632 | $54,753 | $15,227 | $31,009 | $362,397 |
* 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports