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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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$59,211

Cash Out Proceeds

$7,303

Annual Net Cash Flow

$1,003

New Loan Payment

1.61

Debt Service Coverage

Refinance Cost
New Loan Amount
$147,008
Current Loan Payoff
$78,400
Loan Points
$2,940
Loan Closing Costs
$6,456
Total Refinance Cost
$87,797
Total Cash Out Proceeds
$59,211

Loan Terms
New Loan Amount
$147,008
Monthly Loan Payment
$1,003
Interest Rate
7.25%
Property Net Cash Flow
$19,337
Annual Loan Payment
$12,034
Debt Coverage Ratio
1.61

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,029
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)
$862
Misc.
Total Loan Closing
$6,456

Rental Income
Monthly Market Rent
$2,200
Potential Gross Rent
$26,400
Vacancy Factor
%
$1,320
Effective Gross Rent
$25,080
Property Taxes
%
$4,381
Hazard Insurance
%
$862
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,743
Net Operating Income
$19,337
Annual Loan Payment
$12,034
Net Cash Flow After Debt Service
$7,303
Debt Coverage Ratio
1.61
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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.