The Real Estate Financial Planner Blueprint™
B 1 Nomad 5% DP, 30% Saved Monthly
Purchased Typical Family Home 5% DP 1 Property
Bought in Month 7
We have a Rule that has you buying the Typical Family Home 5% DP 1 Property even if your Account balance in the VTSMX with CAGR of 8.97% over 1871-2017 Account has zero dollars. The following is a chart showing the balance of VTSMX with CAGR of 8.97% over 1871-2017 Account from the start of the Scenario to Month 7 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Family Home 5% DP 1 Property, we're assuming you're getting a 5% down payment loan. With a $304,466.75 purchase price that means you need to have $15,223.34 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($3,044.67) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $15,223.34 |
Rent Ready Costs | $0 |
Closing Costs | $3,044.67 |
Seller Concessions | $0 |
Total Cost To Close: | $18,268.01 |
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 |
---|---|---|---|---|---|---|
$9,155 | $0 | $4,269 | $0 | $1,597 | $15,021 | |
Totals: | $9,155 | $0 | $4,269 | $0 | $1,597 | $15,021 |
* 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.
Copy Scenario into my Real Estate Financial Planner™ Software AccountBlueprint™ Menu of Sections
- Introduction
- Accounts
- Properties
- Rules
- Significant Events
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Final Month Summary
Reports