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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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$105,154

Cash Out Proceeds

$6,458

Annual Net Cash Flow

$1,726

New Loan Payment

1.31

Debt Service Coverage

Refinance Cost
New Loan Amount
$253,035
Current Loan Payoff
$135,000
Loan Points
$5,061
Loan Closing Costs
$7,821
Total Refinance Cost
$147,881
Total Cash Out Proceeds
$105,154

Loan Terms
New Loan Amount
$253,035
Monthly Loan Payment
$1,726
Interest Rate
7.25%
Property Net Cash Flow
$27,172
Annual Loan Payment
$20,714
Debt Coverage Ratio
1.31

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,771
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)
$1,484
Misc.
Total Loan Closing
$7,821

Rental Income
Monthly Market Rent
$3,000
Potential Gross Rent
$36,000
Vacancy Factor
%
$1,800
Effective Gross Rent
$34,200
Property Taxes
%
$5,044
Hazard Insurance
%
$1,484
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,028
Net Operating Income
$27,172
Annual Loan Payment
$20,714
Net Cash Flow After Debt Service
$6,458
Debt Coverage Ratio
1.31
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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.