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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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$146,562

Cash Out Proceeds

$-8,335

Annual Net Cash Flow

$2,377

New Loan Payment

0.71

Debt Service Coverage

Refinance Cost
New Loan Amount
$348,480
Current Loan Payoff
$185,900
Loan Points
$6,970
Loan Closing Costs
$9,049
Total Refinance Cost
$201,918
Total Cash Out Proceeds
$146,562

Loan Terms
New Loan Amount
$348,480
Monthly Loan Payment
$2,377
Interest Rate
7.25%
Property Net Cash Flow
$20,192
Annual Loan Payment
$28,527
Debt Coverage Ratio
0.71

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,439
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)
$2,044
Misc.
Total Loan Closing
$9,049

Rental Income
Monthly Market Rent
$2,400
Potential Gross Rent
$28,800
Vacancy Factor
%
$1,440
Effective Gross Rent
$27,360
Property Taxes
%
$4,623
Hazard Insurance
%
$2,044
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,168
Net Operating Income
$20,192
Annual Loan Payment
$28,527
Net Cash Flow After Debt Service
$-8,335
Debt Coverage Ratio
0.71
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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.