99421

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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$184,864

Cash Out Proceeds

$-10,908

Annual Net Cash Flow

$2,980

New Loan Payment

0.69

Debt Service Coverage

Refinance Cost
New Loan Amount
$436,785
Current Loan Payoff
$233,000
Loan Points
$8,736
Loan Closing Costs
$10,185
Total Refinance Cost
$251,921
Total Cash Out Proceeds
$184,864

Loan Terms
New Loan Amount
$436,785
Monthly Loan Payment
$2,980
Interest Rate
7.25%
Property Net Cash Flow
$24,848
Annual Loan Payment
$35,756
Debt Coverage Ratio
0.69

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$3,057
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)
$2,562
Misc.
Total Loan Closing
$10,185

Rental Income
Monthly Market Rent
$3,000
Potential Gross Rent
$36,000
Vacancy Factor
%
$1,800
Effective Gross Rent
$34,200
Property Taxes
%
$6,290
Hazard Insurance
%
$2,562
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$9,352
Net Operating Income
$24,848
Annual Loan Payment
$35,756
Net Cash Flow After Debt Service
$-10,908
Debt Coverage Ratio
0.69
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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.