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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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$74,398

Cash Out Proceeds

$9,843

Annual Net Cash Flow

$1,241

New Loan Payment

1.66

Debt Service Coverage

Refinance Cost
New Loan Amount
$181,943
Current Loan Payoff
$97,000
Loan Points
$3,639
Loan Closing Costs
$6,906
Total Refinance Cost
$107,545
Total Cash Out Proceeds
$74,398

Loan Terms
New Loan Amount
$181,943
Monthly Loan Payment
$1,241
Interest Rate
7.25%
Property Net Cash Flow
$24,737
Annual Loan Payment
$14,894
Debt Coverage Ratio
1.66

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,274
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)
$1,067
Misc.
Total Loan Closing
$6,906

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,195
Hazard Insurance
%
$1,067
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,763
Net Operating Income
$24,737
Annual Loan Payment
$14,894
Net Cash Flow After Debt Service
$9,843
Debt Coverage Ratio
1.66
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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.