186376

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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$305,326

Cash Out Proceeds

$-34,946

Annual Net Cash Flow

$4,874

New Loan Payment

0.4

Debt Service Coverage

Refinance Cost
New Loan Amount
$714,473
Current Loan Payoff
$381,100
Loan Points
$14,289
Loan Closing Costs
$13,758
Total Refinance Cost
$409,147
Total Cash Out Proceeds
$305,326

Loan Terms
New Loan Amount
$714,473
Monthly Loan Payment
$4,874
Interest Rate
7.25%
Property Net Cash Flow
$23,542
Annual Loan Payment
$58,488
Debt Coverage Ratio
0.4

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$5,001
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)
$4,192
Misc.
Total Loan Closing
$13,758

Rental Income
Monthly Market Rent
$3,400
Potential Gross Rent
$40,800
Vacancy Factor
%
$2,040
Effective Gross Rent
$38,760
Property Taxes
%
$10,527
Hazard Insurance
%
$4,192
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$15,218
Net Operating Income
$23,542
Annual Loan Payment
$58,488
Net Cash Flow After Debt Service
$-34,946
Debt Coverage Ratio
0.4
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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.