127397

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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$109,392

Cash Out Proceeds

$3,872

Annual Net Cash Flow

$1,862

New Loan Payment

1.17

Debt Service Coverage

Refinance Cost
New Loan Amount
$272,940
Current Loan Payoff
$145,600
Loan Points
$5,459
Loan Closing Costs
$12,489
Total Refinance Cost
$163,548
Total Cash Out Proceeds
$109,392

Loan Terms
New Loan Amount
$272,940
Monthly Loan Payment
$1,862
Interest Rate
7.25%
Property Net Cash Flow
$26,215
Annual Loan Payment
$22,343
Debt Coverage Ratio
1.17

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$1,501
Title - Lender's Policy
%
$1,911
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)
$4,513
Misc.
Total Loan Closing
$12,489

Rental Income
Monthly Market Rent
$3,100
Potential Gross Rent
$37,200
Vacancy Factor
%
$1,860
Effective Gross Rent
$35,340
Property Taxes
%
$4,112
Hazard Insurance
%
$4,513
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$9,125
Net Operating Income
$26,215
Annual Loan Payment
$22,343
Net Cash Flow After Debt Service
$3,872
Debt Coverage Ratio
1.17
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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.