102574

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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$37,980

Cash Out Proceeds

$18,223

Annual Net Cash Flow

$668

New Loan Payment

3.27

Debt Service Coverage

Refinance Cost
New Loan Amount
$97,965
Current Loan Payoff
$52,200
Loan Points
$1,959
Loan Closing Costs
$5,825
Total Refinance Cost
$59,985
Total Cash Out Proceeds
$37,980

Loan Terms
New Loan Amount
$97,965
Monthly Loan Payment
$668
Interest Rate
7.25%
Property Net Cash Flow
$26,243
Annual Loan Payment
$8,020
Debt Coverage Ratio
3.27

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$686
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)
$575
Misc.
Total Loan Closing
$5,825

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,182
Hazard Insurance
%
$575
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,257
Net Operating Income
$26,243
Annual Loan Payment
$8,020
Net Cash Flow After Debt Service
$18,223
Debt Coverage Ratio
3.27
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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.