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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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$71,079

Cash Out Proceeds

$4,898

Annual Net Cash Flow

$1,190

New Loan Payment

1.34

Debt Service Coverage

Refinance Cost
New Loan Amount
$174,375
Current Loan Payoff
$93,000
Loan Points
$3,488
Loan Closing Costs
$6,809
Total Refinance Cost
$103,296
Total Cash Out Proceeds
$71,079

Loan Terms
New Loan Amount
$174,375
Monthly Loan Payment
$1,190
Interest Rate
7.25%
Property Net Cash Flow
$19,173
Annual Loan Payment
$14,275
Debt Coverage Ratio
1.34

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,221
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)
$1,023
Misc.
Total Loan Closing
$6,809

Rental Income
Monthly Market Rent
$2,000
Potential Gross Rent
$24,000
Vacancy Factor
%
$1,200
Effective Gross Rent
$22,800
Property Taxes
%
$2,104
Hazard Insurance
%
$1,023
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,627
Net Operating Income
$19,173
Annual Loan Payment
$14,275
Net Cash Flow After Debt Service
$4,898
Debt Coverage Ratio
1.34
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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.