125703

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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$89,912

Cash Out Proceeds

$-4,960

Annual Net Cash Flow

$1,485

New Loan Payment

0.72

Debt Service Coverage

Refinance Cost
New Loan Amount
$217,733
Current Loan Payoff
$116,100
Loan Points
$4,355
Loan Closing Costs
$7,366
Total Refinance Cost
$127,821
Total Cash Out Proceeds
$89,912

Loan Terms
New Loan Amount
$217,733
Monthly Loan Payment
$1,485
Interest Rate
7.25%
Property Net Cash Flow
$12,864
Annual Loan Payment
$17,824
Debt Coverage Ratio
0.72

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,524
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)
$1,277
Misc.
Total Loan Closing
$7,366

Rental Income
Monthly Market Rent
$1,800
Potential Gross Rent
$21,600
Vacancy Factor
%
$1,080
Effective Gross Rent
$20,520
Property Taxes
%
$5,879
Hazard Insurance
%
$1,277
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,656
Net Operating Income
$12,864
Annual Loan Payment
$17,824
Net Cash Flow After Debt Service
$-4,960
Debt Coverage Ratio
0.72
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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.