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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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$21,937

Cash Out Proceeds

$21,730

Annual Net Cash Flow

$417

New Loan Payment

5.34

Debt Service Coverage

Refinance Cost
New Loan Amount
$61,110
Current Loan Payoff
$32,600
Loan Points
$1,222
Loan Closing Costs
$5,351
Total Refinance Cost
$39,173
Total Cash Out Proceeds
$21,937

Loan Terms
New Loan Amount
$61,110
Monthly Loan Payment
$417
Interest Rate
7.25%
Property Net Cash Flow
$26,733
Annual Loan Payment
$5,003
Debt Coverage Ratio
5.34

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$428
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)
$359
Misc.
Total Loan Closing
$5,351

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$909
Hazard Insurance
%
$359
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$1,767
Net Operating Income
$26,733
Annual Loan Payment
$5,003
Net Cash Flow After Debt Service
$21,730
Debt Coverage Ratio
5.34
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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.