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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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$62,589

Cash Out Proceeds

$12,094

Annual Net Cash Flow

$1,056

New Loan Payment

1.95

Debt Service Coverage

Refinance Cost
New Loan Amount
$154,740
Current Loan Payoff
$82,500
Loan Points
$3,095
Loan Closing Costs
$6,556
Total Refinance Cost
$92,151
Total Cash Out Proceeds
$62,589

Loan Terms
New Loan Amount
$154,740
Monthly Loan Payment
$1,056
Interest Rate
7.25%
Property Net Cash Flow
$24,761
Annual Loan Payment
$12,667
Debt Coverage Ratio
1.95

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,083
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)
$908
Misc.
Total Loan Closing
$6,556

Rental Income
Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$4,611
Hazard Insurance
%
$908
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,019
Net Operating Income
$24,761
Annual Loan Payment
$12,667
Net Cash Flow After Debt Service
$12,094
Debt Coverage Ratio
1.95
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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.