125731

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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$40,711

Cash Out Proceeds

$17,574

Annual Net Cash Flow

$712

New Loan Payment

3.06

Debt Service Coverage

Refinance Cost
New Loan Amount
$104,408
Current Loan Payoff
$55,700
Loan Points
$2,088
Loan Closing Costs
$5,908
Total Refinance Cost
$63,697
Total Cash Out Proceeds
$40,711

Loan Terms
New Loan Amount
$104,408
Monthly Loan Payment
$712
Interest Rate
7.25%
Property Net Cash Flow
$26,121
Annual Loan Payment
$8,547
Debt Coverage Ratio
3.06

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$731
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)
$613
Misc.
Total Loan Closing
$5,908

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,267
Hazard Insurance
%
$613
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,379
Net Operating Income
$26,121
Annual Loan Payment
$8,547
Net Cash Flow After Debt Service
$17,574
Debt Coverage Ratio
3.06
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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.