I don't know how the $ 400 figure you quote was arrived at, but I would suspect that if you have any investment income through mutual funds at all, you both would be better off requesting to have taxes withheld at the «Married but withhold as if I were a single person» rate so as to avoid a penalty for paying too little tax or having to scrabble to make a 4th quarter
Estimated Tax Payment once the mutual funds make their annual distributions in December.
Once these numbers have been entered, the calculator will produce a table at the bottom of the page that displays the total cash invested, the
estimated management costs, HOA and
Taxes, the
estimated monthly mortgage
payment, the gross income that can be expected from the property, the
estimated total expenses that will be incurred by the property, the net income based on these two figures, and the ROI.