99510

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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$162,104

Cash Out Proceeds

$-7,956

Annual Net Cash Flow

$2,622

New Loan Payment

0.75

Debt Service Coverage

Refinance Cost
New Loan Amount
$384,300
Current Loan Payoff
$205,000
Loan Points
$7,686
Loan Closing Costs
$9,510
Total Refinance Cost
$222,196
Total Cash Out Proceeds
$162,104

Loan Terms
New Loan Amount
$384,300
Monthly Loan Payment
$2,622
Interest Rate
7.25%
Property Net Cash Flow
$23,503
Annual Loan Payment
$31,459
Debt Coverage Ratio
0.75

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,690
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)
$2,255
Misc.
Total Loan Closing
$9,510

Rental Income
Monthly Market Rent
$2,800
Potential Gross Rent
$33,600
Vacancy Factor
%
$1,680
Effective Gross Rent
$31,920
Property Taxes
%
$5,662
Hazard Insurance
%
$2,255
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$8,417
Net Operating Income
$23,503
Annual Loan Payment
$31,459
Net Cash Flow After Debt Service
$-7,956
Debt Coverage Ratio
0.75
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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.