Financial Model on Hard Money Rental with CashOut Refi

[Deuce Thevenow]

Hey Everyone,

I'm a first-time investor but have been an entrepreneur for 10+yrs raising $ and starting businesses. I've been putting together a financial model for a hard money loan with a cash-out refinance and wasn't sure if there are any tools out there that can do this. If anyone would be willing to help tweak mine I would be happy to share the final product and hopefully others can use it as well.

Below are a list of my current questions

• Property Manager Fees
  • do you estimate 10% of the rent and then also assume tenants churn each yr and include 1 month of rental income as the PM fee for placing tenant?
• Property Tax/Insurance
  • Do property taxes/insurance increase each year as value of the property appreciates?
  • Are these paid as part of the closing costs?
• Cash on Cash Return/P&L
  
  • do you include profit from cash-out refi as part of this analysis?
  • not sure this is correct calculation
• Lender Points
  • are these paid on top of closing costs?
    • is the calc 1pt = 1% of 100k or 1pt = 1% of the loan amount
  • is this the same as origination fees?
  • Are these included as part of the loan amount or cash paid by buyer at closing?
• Is there a standard % for closing costs?
  • able to share line items of what costs this all entails?