154674

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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$257,496

Cash Out Proceeds

$-30,722

Annual Net Cash Flow

$4,120

New Loan Payment

0.38

Debt Service Coverage

Refinance Cost
New Loan Amount
$604,013
Current Loan Payoff
$322,100
Loan Points
$12,080
Loan Closing Costs
$12,337
Total Refinance Cost
$346,517
Total Cash Out Proceeds
$257,496

Loan Terms
New Loan Amount
$604,013
Monthly Loan Payment
$4,120
Interest Rate
7.25%
Property Net Cash Flow
$18,723
Annual Loan Payment
$49,445
Debt Coverage Ratio
0.38

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$4,228
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)
$3,544
Misc.
Total Loan Closing
$12,337

Rental Income
Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$8,013
Hazard Insurance
%
$3,544
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$12,057
Net Operating Income
$18,723
Annual Loan Payment
$49,445
Net Cash Flow After Debt Service
$-30,722
Debt Coverage Ratio
0.38
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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.