164807

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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$106,654

Cash Out Proceeds

$2,391

Annual Net Cash Flow

$1,749

New Loan Payment

1.11

Debt Service Coverage

Refinance Cost
New Loan Amount
$256,448
Current Loan Payoff
$136,800
Loan Points
$5,129
Loan Closing Costs
$7,865
Total Refinance Cost
$149,794
Total Cash Out Proceeds
$106,654

Loan Terms
New Loan Amount
$256,448
Monthly Loan Payment
$1,749
Interest Rate
7.25%
Property Net Cash Flow
$23,384
Annual Loan Payment
$20,993
Debt Coverage Ratio
1.11

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,795
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)
$1,504
Misc.
Total Loan Closing
$7,865

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,112
Hazard Insurance
%
$1,504
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,116
Net Operating Income
$23,384
Annual Loan Payment
$20,993
Net Cash Flow After Debt Service
$2,391
Debt Coverage Ratio
1.11
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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.