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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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$62,777

Cash Out Proceeds

$11,275

Annual Net Cash Flow

$1,060

New Loan Payment

1.89

Debt Service Coverage

Refinance Cost
New Loan Amount
$155,348
Current Loan Payoff
$82,900
Loan Points
$3,107
Loan Closing Costs
$6,564
Total Refinance Cost
$92,571
Total Cash Out Proceeds
$62,777

Loan Terms
New Loan Amount
$155,348
Monthly Loan Payment
$1,060
Interest Rate
7.25%
Property Net Cash Flow
$23,992
Annual Loan Payment
$12,717
Debt Coverage Ratio
1.89

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,087
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)
$911
Misc.
Total Loan Closing
$6,564

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,097
Hazard Insurance
%
$911
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,508
Net Operating Income
$23,992
Annual Loan Payment
$12,717
Net Cash Flow After Debt Service
$11,275
Debt Coverage Ratio
1.89
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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.