126703

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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$43,054

Cash Out Proceeds

$10,544

Annual Net Cash Flow

$749

New Loan Payment

2.17

Debt Service Coverage

Refinance Cost
New Loan Amount
$109,725
Current Loan Payoff
$58,500
Loan Points
$2,195
Loan Closing Costs
$5,977
Total Refinance Cost
$66,671
Total Cash Out Proceeds
$43,054

Loan Terms
New Loan Amount
$109,725
Monthly Loan Payment
$749
Interest Rate
7.25%
Property Net Cash Flow
$19,526
Annual Loan Payment
$8,982
Debt Coverage Ratio
2.17

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$768
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)
$644
Misc.
Total Loan Closing
$5,977

Rental Income
Monthly Market Rent
$2,100
Potential Gross Rent
$25,200
Vacancy Factor
%
$1,260
Effective Gross Rent
$23,940
Property Taxes
%
$3,270
Hazard Insurance
%
$644
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,414
Net Operating Income
$19,526
Annual Loan Payment
$8,982
Net Cash Flow After Debt Service
$10,544
Debt Coverage Ratio
2.17
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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.