126863

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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$45,843

Cash Out Proceeds

$15,486

Annual Net Cash Flow

$793

New Loan Payment

2.63

Debt Service Coverage

Refinance Cost
New Loan Amount
$116,228
Current Loan Payoff
$62,000
Loan Points
$2,325
Loan Closing Costs
$6,060
Total Refinance Cost
$70,385
Total Cash Out Proceeds
$45,843

Loan Terms
New Loan Amount
$116,228
Monthly Loan Payment
$793
Interest Rate
7.25%
Property Net Cash Flow
$25,001
Annual Loan Payment
$9,515
Debt Coverage Ratio
2.63

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$814
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)
$682
Misc.
Total Loan Closing
$6,060

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,317
Hazard Insurance
%
$682
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,499
Net Operating Income
$25,001
Annual Loan Payment
$9,515
Net Cash Flow After Debt Service
$15,486
Debt Coverage Ratio
2.63
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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.