99585

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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$37,286

Cash Out Proceeds

$17,375

Annual Net Cash Flow

$658

New Loan Payment

3.2

Debt Service Coverage

Refinance Cost
New Loan Amount
$96,420
Current Loan Payoff
$51,400
Loan Points
$1,928
Loan Closing Costs
$5,806
Total Refinance Cost
$59,134
Total Cash Out Proceeds
$37,286

Loan Terms
New Loan Amount
$96,420
Monthly Loan Payment
$658
Interest Rate
7.25%
Property Net Cash Flow
$25,268
Annual Loan Payment
$7,893
Debt Coverage Ratio
3.2

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$675
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)
$566
Misc.
Total Loan Closing
$5,806

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,166
Hazard Insurance
%
$566
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,232
Net Operating Income
$25,268
Annual Loan Payment
$7,893
Net Cash Flow After Debt Service
$17,375
Debt Coverage Ratio
3.2
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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.