The Real Estate Financial Planner Blueprint™
Peter Buys 10 5% Down Payment Nomad™ Rentals
Purchased 5% Down Payment Nomad™ Rental Property 1 Property
Bought in Month 8
We have a Rule that has you buying the 5% Down Payment Nomad™ Rental Property 1 Property when your Account balance in the All-In-One Account reaches $5,000 (which we adjust for inflation to be worth $5,058.09 in Month 8). The following is a chart showing the balance of All-In-One Account from the start of the Scenario to Month 8 after we've adjusted for all the income and expenses for the entire month.
To purchase the 5% Down Payment Nomad™ Rental Property 1 Property, we're assuming you're getting a 5% down payment loan. With a $404,647.40 purchase price that means you need to have $20,232.37 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($8,092.95) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $20,232.37 |
Rent Ready Costs | $0 |
Closing Costs | $8,092.95 |
Seller Concessions | $0 |
Total Cost To Close: | $28,325.32 |
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 |
---|---|---|---|---|---|---|
$8,105 | $0 | $7,819 | $0 | $1,915 | $17,839 | |
Totals: | $8,105 | $0 | $7,819 | $0 | $1,915 | $17,839 |
* 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports