102170

Refinance Analyzer

Use the Refinance Analyzer below to estimate the potential profit and return on investment from your next deal. Edit the assumptions to adjust the calculation.

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$70,496

Cash Out Proceeds

$-669

Annual Net Cash Flow

$1,181

New Loan Payment

0.95

Debt Service Coverage

Refinance Cost
New Loan Amount
$173,048
Current Loan Payoff
$92,300
Loan Points
$3,461
Loan Closing Costs
$6,792
Total Refinance Cost
$102,552
Total Cash Out Proceeds
$70,496

Loan Terms
New Loan Amount
$173,048
Monthly Loan Payment
$1,181
Interest Rate
7.25%
Property Net Cash Flow
$13,497
Annual Loan Payment
$14,166
Debt Coverage Ratio
0.95

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,211
Title Search
Wire/Courier
Recording and Mortgage
Lender Underwriting Fee
Appraisal
Escrow/Settlement Fee
HOA Report/Estoppel/Unpaid Dues
Lender Processing
Prepaid Loan Reserve
(Months)
$0
Prepaid Insurance Premium
(Months)
$1,015
Misc.
Total Loan Closing
$6,792

Rental Income
Monthly Market Rent
$1,500
Potential Gross Rent
$18,000
Vacancy Factor
%
$900
Effective Gross Rent
$17,100
Property Taxes
%
$2,088
Hazard Insurance
%
$1,015
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,603
Net Operating Income
$13,497
Annual Loan Payment
$14,166
Net Cash Flow After Debt Service
$-669
Debt Coverage Ratio
0.95
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Disclaimer: Information on estimated costs and profitability is provided for informational purposes and is deemed to be valid and reliable, but is not guaranteed. It is your sole responsibility to independently confirm and verify all information upon which you may rely or use.