We will help you to calculate your ROI and make sure the home your buying is the best choice for you and your investment needs.
The return on investment formula:
ROI = (Gain from Investment - Cost of Investment)/Cost of Investment
You'll want to know the costs of insurance, HOA fees, property taxes, and monthly expenses such as general maintenance, pest control and landscaping. Then we will determine the monthly rental rate for the property based on the most recent comparable leases.
Once you have these fees estimated, and you know what your monthly mortgage payments will be, we can help you to determine if the monthly rental rate will be enough to cover the mortgage, fees, and make this investment worth while.