130704

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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$81,595

Cash Out Proceeds

$6,609

Annual Net Cash Flow

$1,355

New Loan Payment

1.41

Debt Service Coverage

Refinance Cost
New Loan Amount
$198,690
Current Loan Payoff
$106,000
Loan Points
$3,974
Loan Closing Costs
$7,121
Total Refinance Cost
$117,095
Total Cash Out Proceeds
$81,595

Loan Terms
New Loan Amount
$198,690
Monthly Loan Payment
$1,355
Interest Rate
7.25%
Property Net Cash Flow
$22,874
Annual Loan Payment
$16,265
Debt Coverage Ratio
1.41

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,391
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)
$1,166
Misc.
Total Loan Closing
$7,121

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,961
Hazard Insurance
%
$1,166
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,626
Net Operating Income
$22,874
Annual Loan Payment
$16,265
Net Cash Flow After Debt Service
$6,609
Debt Coverage Ratio
1.41
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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.