The Real Estate Financial Planner Blueprint™
10 5% Down Payment Nomad™ Rentals - Variable
Purchased 5% Down Payment Nomad™ Rental Property 1 Property
Bought in Month 7
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 $5,049.75 in Month 7). The following is a chart showing the balance of All-In-One 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 5% Down Payment Nomad™ Rental Property 1 Property, we're assuming you're getting a 5% down payment loan. With a $398,039.43 purchase price that means you need to have $19,901.97 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,960.79) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $19,901.97 |
Rent Ready Costs | $0 |
Closing Costs | $7,960.79 |
Seller Concessions | $0 |
Total Cost To Close: | $27,862.76 |
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 |
---|---|---|---|---|---|---|
$7,250 | $0 | $7,692 | $0 | $1,883 | $16,825 | |
Totals: | $7,250 | $0 | $7,692 | $0 | $1,883 | $16,825 |
* 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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports