99383

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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$97,020

Cash Out Proceeds

$7,024

Annual Net Cash Flow

$1,598

New Loan Payment

1.37

Debt Service Coverage

Refinance Cost
New Loan Amount
$234,285
Current Loan Payoff
$125,000
Loan Points
$4,686
Loan Closing Costs
$7,579
Total Refinance Cost
$137,265
Total Cash Out Proceeds
$97,020

Loan Terms
New Loan Amount
$234,285
Monthly Loan Payment
$1,598
Interest Rate
7.25%
Property Net Cash Flow
$26,203
Annual Loan Payment
$19,179
Debt Coverage Ratio
1.37

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,640
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)
$1,374
Misc.
Total Loan Closing
$7,579

Rental Income
Monthly Market Rent
$2,800
Potential Gross Rent
$33,600
Vacancy Factor
%
$1,680
Effective Gross Rent
$31,920
Property Taxes
%
$3,842
Hazard Insurance
%
$1,374
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,717
Net Operating Income
$26,203
Annual Loan Payment
$19,179
Net Cash Flow After Debt Service
$7,024
Debt Coverage Ratio
1.37
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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.