127643

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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$74,923

Cash Out Proceeds

$8,120

Annual Net Cash Flow

$1,250

New Loan Payment

1.54

Debt Service Coverage

Refinance Cost
New Loan Amount
$183,210
Current Loan Payoff
$97,700
Loan Points
$3,664
Loan Closing Costs
$6,922
Total Refinance Cost
$108,287
Total Cash Out Proceeds
$74,923

Loan Terms
New Loan Amount
$183,210
Monthly Loan Payment
$1,250
Interest Rate
7.25%
Property Net Cash Flow
$23,118
Annual Loan Payment
$14,998
Debt Coverage Ratio
1.54

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,282
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)
$1,075
Misc.
Total Loan Closing
$6,922

Rental Income
Monthly Market Rent
$2,600
Potential Gross Rent
$31,200
Vacancy Factor
%
$1,560
Effective Gross Rent
$29,640
Property Taxes
%
$4,947
Hazard Insurance
%
$1,075
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,522
Net Operating Income
$23,118
Annual Loan Payment
$14,998
Net Cash Flow After Debt Service
$8,120
Debt Coverage Ratio
1.54
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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.