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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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$142,029

Cash Out Proceeds

$-4,996

Annual Net Cash Flow

$2,306

New Loan Payment

0.82

Debt Service Coverage

Refinance Cost
New Loan Amount
$338,003
Current Loan Payoff
$180,300
Loan Points
$6,760
Loan Closing Costs
$8,914
Total Refinance Cost
$195,974
Total Cash Out Proceeds
$142,029

Loan Terms
New Loan Amount
$338,003
Monthly Loan Payment
$2,306
Interest Rate
7.25%
Property Net Cash Flow
$22,673
Annual Loan Payment
$27,669
Debt Coverage Ratio
0.82

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,366
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)
$1,983
Misc.
Total Loan Closing
$8,914

Rental Income
Monthly Market Rent
$2,600
Potential Gross Rent
$31,200
Vacancy Factor
%
$1,560
Effective Gross Rent
$29,640
Property Taxes
%
$4,484
Hazard Insurance
%
$1,983
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,967
Net Operating Income
$22,673
Annual Loan Payment
$27,669
Net Cash Flow After Debt Service
$-4,996
Debt Coverage Ratio
0.82
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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.