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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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$79,243

Cash Out Proceeds

$2,144

Annual Net Cash Flow

$1,318

New Loan Payment

1.14

Debt Service Coverage

Refinance Cost
New Loan Amount
$193,260
Current Loan Payoff
$103,100
Loan Points
$3,865
Loan Closing Costs
$7,052
Total Refinance Cost
$114,017
Total Cash Out Proceeds
$79,243

Loan Terms
New Loan Amount
$193,260
Monthly Loan Payment
$1,318
Interest Rate
7.25%
Property Net Cash Flow
$17,964
Annual Loan Payment
$15,820
Debt Coverage Ratio
1.14

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,353
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)
$1,134
Misc.
Total Loan Closing
$7,052

Rental Income
Monthly Market Rent
$2,100
Potential Gross Rent
$25,200
Vacancy Factor
%
$1,260
Effective Gross Rent
$23,940
Property Taxes
%
$4,342
Hazard Insurance
%
$1,134
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,976
Net Operating Income
$17,964
Annual Loan Payment
$15,820
Net Cash Flow After Debt Service
$2,144
Debt Coverage Ratio
1.14
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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.