125956

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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$48,865

Cash Out Proceeds

$2,939

Annual Net Cash Flow

$840

New Loan Payment

1.29

Debt Service Coverage

Refinance Cost
New Loan Amount
$123,075
Current Loan Payoff
$65,600
Loan Points
$2,462
Loan Closing Costs
$6,149
Total Refinance Cost
$74,210
Total Cash Out Proceeds
$48,865

Loan Terms
New Loan Amount
$123,075
Monthly Loan Payment
$840
Interest Rate
7.25%
Property Net Cash Flow
$13,014
Annual Loan Payment
$10,075
Debt Coverage Ratio
1.29

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$862
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)
$722
Misc.
Total Loan Closing
$6,149

Rental Income
Monthly Market Rent
$1,500
Potential Gross Rent
$18,000
Vacancy Factor
%
$900
Effective Gross Rent
$17,100
Property Taxes
%
$2,864
Hazard Insurance
%
$722
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,086
Net Operating Income
$13,014
Annual Loan Payment
$10,075
Net Cash Flow After Debt Service
$2,939
Debt Coverage Ratio
1.29
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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.