129951

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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$185,523

Cash Out Proceeds

$-17,083

Annual Net Cash Flow

$2,990

New Loan Payment

0.52

Debt Service Coverage

Refinance Cost
New Loan Amount
$438,293
Current Loan Payoff
$233,800
Loan Points
$8,766
Loan Closing Costs
$10,204
Total Refinance Cost
$252,770
Total Cash Out Proceeds
$185,523

Loan Terms
New Loan Amount
$438,293
Monthly Loan Payment
$2,990
Interest Rate
7.25%
Property Net Cash Flow
$18,796
Annual Loan Payment
$35,879
Debt Coverage Ratio
0.52

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$3,068
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)
$2,571
Misc.
Total Loan Closing
$10,204

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$6,633
Hazard Insurance
%
$2,571
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$9,704
Net Operating Income
$18,796
Annual Loan Payment
$35,879
Net Cash Flow After Debt Service
$-17,083
Debt Coverage Ratio
0.52
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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.