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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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$91,592

Cash Out Proceeds

$9,827

Annual Net Cash Flow

$1,513

New Loan Payment

1.54

Debt Service Coverage

Refinance Cost
New Loan Amount
$221,745
Current Loan Payoff
$118,300
Loan Points
$4,435
Loan Closing Costs
$7,418
Total Refinance Cost
$130,153
Total Cash Out Proceeds
$91,592

Loan Terms
New Loan Amount
$221,745
Monthly Loan Payment
$1,513
Interest Rate
7.25%
Property Net Cash Flow
$27,979
Annual Loan Payment
$18,152
Debt Coverage Ratio
1.54

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,552
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)
$1,301
Misc.
Total Loan Closing
$7,418

Rental Income
Monthly Market Rent
$3,000
Potential Gross Rent
$36,000
Vacancy Factor
%
$1,800
Effective Gross Rent
$34,200
Property Taxes
%
$4,420
Hazard Insurance
%
$1,301
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,221
Net Operating Income
$27,979
Annual Loan Payment
$18,152
Net Cash Flow After Debt Service
$9,827
Debt Coverage Ratio
1.54
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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.