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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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$46,457

Cash Out Proceeds

$8,189

Annual Net Cash Flow

$803

New Loan Payment

1.85

Debt Service Coverage

Refinance Cost
New Loan Amount
$117,690
Current Loan Payoff
$62,800
Loan Points
$2,354
Loan Closing Costs
$6,079
Total Refinance Cost
$71,233
Total Cash Out Proceeds
$46,457

Loan Terms
New Loan Amount
$117,690
Monthly Loan Payment
$803
Interest Rate
7.25%
Property Net Cash Flow
$17,823
Annual Loan Payment
$9,634
Debt Coverage Ratio
1.85

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$824
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)
$690
Misc.
Total Loan Closing
$6,079

Rental Income
Monthly Market Rent
$1,800
Potential Gross Rent
$21,600
Vacancy Factor
%
$1,080
Effective Gross Rent
$20,520
Property Taxes
%
$1,506
Hazard Insurance
%
$690
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,697
Net Operating Income
$17,823
Annual Loan Payment
$9,634
Net Cash Flow After Debt Service
$8,189
Debt Coverage Ratio
1.85
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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.