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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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$126,942

Cash Out Proceeds

$-1,918

Annual Net Cash Flow

$2,067

New Loan Payment

0.92

Debt Service Coverage

Refinance Cost
New Loan Amount
$303,068
Current Loan Payoff
$161,600
Loan Points
$6,061
Loan Closing Costs
$8,464
Total Refinance Cost
$176,126
Total Cash Out Proceeds
$126,942

Loan Terms
New Loan Amount
$303,068
Monthly Loan Payment
$2,067
Interest Rate
7.25%
Property Net Cash Flow
$22,891
Annual Loan Payment
$24,809
Debt Coverage Ratio
0.92

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,121
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)
$1,778
Misc.
Total Loan Closing
$8,464

Rental Income
Monthly Market Rent
$3,000
Potential Gross Rent
$36,000
Vacancy Factor
%
$1,800
Effective Gross Rent
$34,200
Property Taxes
%
$9,031
Hazard Insurance
%
$1,778
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$11,309
Net Operating Income
$22,891
Annual Loan Payment
$24,809
Net Cash Flow After Debt Service
$-1,918
Debt Coverage Ratio
0.92
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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.