126444

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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$67,959

Cash Out Proceeds

$10,844

Annual Net Cash Flow

$1,141

New Loan Payment

1.79

Debt Service Coverage

Refinance Cost
New Loan Amount
$167,220
Current Loan Payoff
$89,200
Loan Points
$3,344
Loan Closing Costs
$6,717
Total Refinance Cost
$99,261
Total Cash Out Proceeds
$67,959

Loan Terms
New Loan Amount
$167,220
Monthly Loan Payment
$1,141
Interest Rate
7.25%
Property Net Cash Flow
$24,533
Annual Loan Payment
$13,689
Debt Coverage Ratio
1.79

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,171
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)
$981
Misc.
Total Loan Closing
$6,717

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,486
Hazard Insurance
%
$981
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,967
Net Operating Income
$24,533
Annual Loan Payment
$13,689
Net Cash Flow After Debt Service
$10,844
Debt Coverage Ratio
1.79
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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.