The Real Estate Financial Planner Blueprint™
10 5% DP Nomad Properties House Hacking with 2 Roommates
Purchased Typical Family Home 5% DP Upfront PMI 1 Property
Bought in Month 1
We have a Rule that has you buying the Typical Family Home 5% DP Upfront PMI 1 Property when your Account balance in the VTSMX with CAGR of 8.97% over 1871-2017 Account reaches $10,000. 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 1 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Family Home 5% DP Upfront PMI 1 Property, we're assuming you're getting a 5% down payment loan. With a $300,000 purchase price that means you need to have $15,000 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,550) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $15,000 |
Rent Ready Costs | $0 |
Closing Costs | $8,550 |
Seller Concessions | $0 |
Total Cost To Close: | $23,550 |
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 |
---|---|---|---|---|---|---|
$9,020 | $0 | $3,760 | $0 | $1,643 | $14,424 | |
Totals: | $9,020 | $0 | $3,760 | $0 | $1,643 | $14,424 |
* 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports