Highlighting all cities in Illinois for
Nomad to Short-Term Rentals with 50% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
The following shows Net Worth for Nomad to Short-Term Rentals with 50% Higher Rents at 40 years (month 480) for all the different cities in Illinois.
- Chicago = $50.94M
- Elgin = $25.64M
- Joliet = $13.27M
- Naperville = $29.06M
- Rockford = $15.50M
Month First Achieved Financial Independence
The following shows how many months it takes to achieve financial independence for Nomad to Short-Term Rentals with 50% Higher Rents for all the different cities in Illinois.
Speed to Financial Independence vs Property Value (ARV)
Is it impossible to achieve financial independence (lean FIRE) in cities where home prices are higher?
The chart below compares how long it takes to achieve financial independence (lean FIRE) compared to the price of properties in that city (After Repair Value or ARV).
Net Worth vs Property Value (ARV)
Does a higher initial property value mean overall higher net worth? Or, lower net worth? By how much?
Net Worth vs Ran Out of Money
How does running out of money correlate to net worth?
Detailed Illinois City-Specific Modeling
Check out the detailed modeling for these Illinois cities.Chicago