126947

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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$106,039

Cash Out Proceeds

$3,968

Annual Net Cash Flow

$1,739

New Loan Payment

1.19

Debt Service Coverage

Refinance Cost
New Loan Amount
$254,985
Current Loan Payoff
$136,000
Loan Points
$5,100
Loan Closing Costs
$7,846
Total Refinance Cost
$148,946
Total Cash Out Proceeds
$106,039

Loan Terms
New Loan Amount
$254,985
Monthly Loan Payment
$1,739
Interest Rate
7.25%
Property Net Cash Flow
$24,841
Annual Loan Payment
$20,873
Debt Coverage Ratio
1.19

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,785
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)
$1,496
Misc.
Total Loan Closing
$7,846

Rental Income
Monthly Market Rent
$2,800
Potential Gross Rent
$33,600
Vacancy Factor
%
$1,680
Effective Gross Rent
$31,920
Property Taxes
%
$5,083
Hazard Insurance
%
$1,496
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,079
Net Operating Income
$24,841
Annual Loan Payment
$20,873
Net Cash Flow After Debt Service
$3,968
Debt Coverage Ratio
1.19
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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.