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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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$210,727

Cash Out Proceeds

$-10,714

Annual Net Cash Flow

$3,385

New Loan Payment

0.74

Debt Service Coverage

Refinance Cost
New Loan Amount
$496,200
Current Loan Payoff
$264,600
Loan Points
$9,924
Loan Closing Costs
$10,949
Total Refinance Cost
$285,473
Total Cash Out Proceeds
$210,727

Loan Terms
New Loan Amount
$496,200
Monthly Loan Payment
$3,385
Interest Rate
7.25%
Property Net Cash Flow
$29,906
Annual Loan Payment
$40,620
Debt Coverage Ratio
0.74

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$3,473
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)
$2,911
Misc.
Total Loan Closing
$10,949

Rental Income
Monthly Market Rent
$3,500
Potential Gross Rent
$42,000
Vacancy Factor
%
$2,100
Effective Gross Rent
$39,900
Property Taxes
%
$6,583
Hazard Insurance
%
$2,911
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$9,994
Net Operating Income
$29,906
Annual Loan Payment
$40,620
Net Cash Flow After Debt Service
$-10,714
Debt Coverage Ratio
0.74
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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.