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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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$249,216

Cash Out Proceeds

$-36,503

Annual Net Cash Flow

$3,991

New Loan Payment

0.24

Debt Service Coverage

Refinance Cost
New Loan Amount
$585,008
Current Loan Payoff
$312,000
Loan Points
$11,700
Loan Closing Costs
$12,092
Total Refinance Cost
$335,792
Total Cash Out Proceeds
$249,216

Loan Terms
New Loan Amount
$585,008
Monthly Loan Payment
$3,991
Interest Rate
7.25%
Property Net Cash Flow
$11,386
Annual Loan Payment
$47,889
Debt Coverage Ratio
0.24

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$4,095
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)
$3,432
Misc.
Total Loan Closing
$12,092

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$13,182
Hazard Insurance
%
$3,432
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$17,114
Net Operating Income
$11,386
Annual Loan Payment
$47,889
Net Cash Flow After Debt Service
$-36,503
Debt Coverage Ratio
0.24
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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.