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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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$81,311

Cash Out Proceeds

$7,395

Annual Net Cash Flow

$1,350

New Loan Payment

1.46

Debt Service Coverage

Refinance Cost
New Loan Amount
$197,880
Current Loan Payoff
$105,500
Loan Points
$3,958
Loan Closing Costs
$7,111
Total Refinance Cost
$116,569
Total Cash Out Proceeds
$81,311

Loan Terms
New Loan Amount
$197,880
Monthly Loan Payment
$1,350
Interest Rate
7.25%
Property Net Cash Flow
$23,594
Annual Loan Payment
$16,199
Debt Coverage Ratio
1.46

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,385
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)
$1,161
Misc.
Total Loan Closing
$7,111

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,245
Hazard Insurance
%
$1,161
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,906
Net Operating Income
$23,594
Annual Loan Payment
$16,199
Net Cash Flow After Debt Service
$7,395
Debt Coverage Ratio
1.46
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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.