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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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$142,473

Cash Out Proceeds

$6,290

Annual Net Cash Flow

$2,402

New Loan Payment

1.22

Debt Service Coverage

Refinance Cost
New Loan Amount
$352,103
Current Loan Payoff
$187,800
Loan Points
$7,042
Loan Closing Costs
$14,788
Total Refinance Cost
$209,630
Total Cash Out Proceeds
$142,473

Loan Terms
New Loan Amount
$352,103
Monthly Loan Payment
$2,402
Interest Rate
7.25%
Property Net Cash Flow
$35,114
Annual Loan Payment
$28,824
Debt Coverage Ratio
1.22

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$1,937
Title - Lender's Policy
%
$2,465
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)
$5,821
Misc.
Total Loan Closing
$14,788

Rental Income
Monthly Market Rent
$4,100
Potential Gross Rent
$49,200
Vacancy Factor
%
$2,460
Effective Gross Rent
$46,740
Property Taxes
%
$5,305
Hazard Insurance
%
$5,821
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$11,626
Net Operating Income
$35,114
Annual Loan Payment
$28,824
Net Cash Flow After Debt Service
$6,290
Debt Coverage Ratio
1.22
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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.