Transform Your Future Buying First Investment Property Smartly
Calculating Potential ROI
Understanding the potential return on investment (ROI) is key to making a smart property purchase. ROI can be influenced by factors such as purchase price, rental income, and property expenses. It's important to calculate your expected cash flow, which is the net income from the property after all expenses, including mortgage payments, property taxes, and maintenance costs4. Consider using online tools and resources to refine your calculations and projections.