133648

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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$218,601

Cash Out Proceeds

$11,818

Annual Net Cash Flow

$3,646

New Loan Payment

1.27

Debt Service Coverage

Refinance Cost
New Loan Amount
$534,473
Current Loan Payoff
$285,100
Loan Points
$10,689
Loan Closing Costs
$20,083
Total Refinance Cost
$315,872
Total Cash Out Proceeds
$218,601

Loan Terms
New Loan Amount
$534,473
Monthly Loan Payment
$3,646
Interest Rate
7.25%
Property Net Cash Flow
$55,571
Annual Loan Payment
$43,753
Debt Coverage Ratio
1.27

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$2,940
Title - Lender's Policy
%
$3,741
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)
$8,837
Misc.
Total Loan Closing
$20,083

Rental Income
Monthly Market Rent
$6,400
Potential Gross Rent
$76,800
Vacancy Factor
%
$3,840
Effective Gross Rent
$72,960
Property Taxes
%
$8,053
Hazard Insurance
%
$8,837
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$17,389
Net Operating Income
$55,571
Annual Loan Payment
$43,753
Net Cash Flow After Debt Service
$11,818
Debt Coverage Ratio
1.27
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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.