137643

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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$40,283

Cash Out Proceeds

$17,387

Annual Net Cash Flow

$706

New Loan Payment

3.05

Debt Service Coverage

Refinance Cost
New Loan Amount
$103,448
Current Loan Payoff
$55,200
Loan Points
$2,069
Loan Closing Costs
$5,896
Total Refinance Cost
$63,165
Total Cash Out Proceeds
$40,283

Loan Terms
New Loan Amount
$103,448
Monthly Loan Payment
$706
Interest Rate
7.25%
Property Net Cash Flow
$25,855
Annual Loan Payment
$8,468
Debt Coverage Ratio
3.05

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$724
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)
$607
Misc.
Total Loan Closing
$5,896

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,538
Hazard Insurance
%
$607
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,645
Net Operating Income
$25,855
Annual Loan Payment
$8,468
Net Cash Flow After Debt Service
$17,387
Debt Coverage Ratio
3.05
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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.