99697

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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$37,545

Cash Out Proceeds

$16,846

Annual Net Cash Flow

$662

New Loan Payment

3.12

Debt Service Coverage

Refinance Cost
New Loan Amount
$96,998
Current Loan Payoff
$51,700
Loan Points
$1,940
Loan Closing Costs
$5,813
Total Refinance Cost
$59,453
Total Cash Out Proceeds
$37,545

Loan Terms
New Loan Amount
$96,998
Monthly Loan Payment
$662
Interest Rate
7.25%
Property Net Cash Flow
$24,786
Annual Loan Payment
$7,940
Debt Coverage Ratio
3.12

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$679
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)
$569
Misc.
Total Loan Closing
$5,813

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,645
Hazard Insurance
%
$569
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,714
Net Operating Income
$24,786
Annual Loan Payment
$7,940
Net Cash Flow After Debt Service
$16,846
Debt Coverage Ratio
3.12
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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.