The Real Estate Financial Planner Blueprint™
Ep 16 Norm and Norma - Buy 10 Nomad™ by Proxy Properties with 5% Down
Purchased Nomad™ by Proxy Rental Property 9 Property
Bought in Month 434
We have a Rule that has you buying the Nomad™ by Proxy Rental Property 9 Property even if your Account balance in the All-In-One Account Account has zero dollars. The following is a chart showing the balance of All-In-One Account Account from the start of the Scenario to Month 434 after we've adjusted for all the income and expenses for the entire month.
To purchase the Nomad™ by Proxy Rental Property 9 Property, we're assuming you're getting a 5% down payment loan. With a $1,089,534.85 purchase price that means you need to have $54,476.74 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($10,895.35) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $54,476.74 |
Rent Ready Costs | $0 |
Closing Costs | $10,895.35 |
Seller Concessions | $0 |
Total Cost To Close: | $65,372.09 |
The monthly rent on this Property is $7,554.11 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$32,767 | $67,953 | $0 | $0 | $1,721 | $102,440 | |
$32,767 | $66,576 | $0 | $0 | $1,708 | $101,051 | |
$32,767 | $36,009 | $26,919 | $2,775 | $4,329 | $102,799 | |
$32,767 | $30,843 | $24,845 | $3,047 | $4,567 | $96,069 | |
$32,767 | $27,529 | $23,028 | $3,330 | $4,832 | $91,486 | |
$32,767 | $25,151 | $21,892 | $3,533 | $5,022 | $88,364 | |
$32,767 | $22,628 | $20,811 | $3,748 | $5,224 | $85,177 | |
$32,767 | $19,952 | $19,783 | $3,976 | $5,438 | $81,916 | |
$32,760 | -$1,865 | $12,752 | $6,014 | $7,184 | $56,844 | |
Totals: | $294,893 | $294,776 | $150,030 | $26,422 | $40,025 | $806,146 |
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 $5,000 and a Ideal Target Monthly Income in Retirement™ of $10,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports