Calculate the monthly mortgage payment, insurance, taxes, maintenance fees, carrying cost, plus cash flow and ROI.
The above calculations are for estimating purposes only. The ROI shown is for the first year and does not include compounding. When calculating your return on investment, don’t forget to include closing costs and income tax implications.
Current requirements for an investment property include a down payment of at least 25% and a half percent increase in the mortgage rate. Contact your lender for more information.