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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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$119,400

Cash Out Proceeds

$-3,211

Annual Net Cash Flow

$1,949

New Loan Payment

0.86

Debt Service Coverage

Refinance Cost
New Loan Amount
$285,653
Current Loan Payoff
$152,300
Loan Points
$5,713
Loan Closing Costs
$8,240
Total Refinance Cost
$166,253
Total Cash Out Proceeds
$119,400

Loan Terms
New Loan Amount
$285,653
Monthly Loan Payment
$1,949
Interest Rate
7.25%
Property Net Cash Flow
$20,173
Annual Loan Payment
$23,384
Debt Coverage Ratio
0.86

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,000
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)
$1,676
Misc.
Total Loan Closing
$8,240

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$6,151
Hazard Insurance
%
$1,676
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$8,327
Net Operating Income
$20,173
Annual Loan Payment
$23,384
Net Cash Flow After Debt Service
$-3,211
Debt Coverage Ratio
0.86
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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.