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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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$59,957

Cash Out Proceeds

$11,295

Annual Net Cash Flow

$1,015

New Loan Payment

1.93

Debt Service Coverage

Refinance Cost
New Loan Amount
$148,710
Current Loan Payoff
$79,300
Loan Points
$2,974
Loan Closing Costs
$6,478
Total Refinance Cost
$88,753
Total Cash Out Proceeds
$59,957

Loan Terms
New Loan Amount
$148,710
Monthly Loan Payment
$1,015
Interest Rate
7.25%
Property Net Cash Flow
$23,469
Annual Loan Payment
$12,174
Debt Coverage Ratio
1.93

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,041
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)
$872
Misc.
Total Loan Closing
$6,478

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,658
Hazard Insurance
%
$872
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,031
Net Operating Income
$23,469
Annual Loan Payment
$12,174
Net Cash Flow After Debt Service
$11,295
Debt Coverage Ratio
1.93
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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.