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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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$63,011

Cash Out Proceeds

$11,238

Annual Net Cash Flow

$1,062

New Loan Payment

1.88

Debt Service Coverage

Refinance Cost
New Loan Amount
$155,693
Current Loan Payoff
$83,000
Loan Points
$3,114
Loan Closing Costs
$6,568
Total Refinance Cost
$92,682
Total Cash Out Proceeds
$63,011

Loan Terms
New Loan Amount
$155,693
Monthly Loan Payment
$1,062
Interest Rate
7.25%
Property Net Cash Flow
$23,983
Annual Loan Payment
$12,745
Debt Coverage Ratio
1.88

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,090
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)
$913
Misc.
Total Loan Closing
$6,568

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,103
Hazard Insurance
%
$913
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,517
Net Operating Income
$23,983
Annual Loan Payment
$12,745
Net Cash Flow After Debt Service
$11,238
Debt Coverage Ratio
1.88
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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.