# These 24-year-olds put their bonuses to work for them to buy their first property.

By pooling their capital, they were also able to increase their buying power.

Their co-buy planner helped identify Tampa as the ideal market for their budget and goals.

They found and closed on this income-producing $357K gem with the help of the Nestimate.

Their projected return on investment is 16%/yr, which includes rental cash flow and appreciation.

# What will your story be?

Their journey illustrates how young individuals can successfully navigate the real estate market by leveraging their resources.

**Home Affordability Calculations**  
These calculations utilize the [Fannie Mae multifamily home loan program](https://www.mortgageresearch.com/articles/fannie-mae-5-down-multifamily-homes/) to put a 5% down payment for a 30-year fixed mortgage at a 6.5% interest rate (rates subject to market conditions) on a triplex property.

**Home Price**  
The total down payment available is calculated by multiplying the down payment amount by the total number of co-buyers in the group. The home price is then calculated by dividing the total down payment amount by 0.05 to simulate a 5% down payment.

**Equity Growth**  
The equity growth is calculated by dividing the pro-rata projected equity value in the home in 5 years by each member’s down payment amount.

**Monthly Cost**  
The monthly cost is calculated by subtracting the monthly mortgage amount from the city's projected median rent for a 3 bed unit, and dividing by the group size. This assumes one unit is occupied by the buyer and the remainder are rented out.