Can I afford an investment property in NZ? (Use this spreadsheet)

Finding out if you are ready to buy an investment property comes down to 2 things… If you have enough deposit If you have enough income. The banks use LVRs (Loan-to-value ratio) to find out if you have enough deposit… And to test your income, they use UMI: (Uncommitted monthly income) and DTI: (Debt-to-income) to see if you can service the mortgage.