BRRRR calculator

Buy, rehab, rent, refinance, repeat. The goal is to pull most of your cash back out at the refinance so it can go into the next property.

Currency

Buy and rehab

Purchase price

Buying costs

Repairs

Holding costs until the refinance

Refinance

After-repair value

Loan as % of value

Interest rate

% a year

Loan length

years

Refinance costs

Rent

$per month

Operating costs

$per month

Tax, insurance, maintenance, vacancy, management.

Cash left in the deal$9,500

All-in cost$199,500

New loan$195,000$1,330 a month

Cash flow$20per month

Cash-on-cash return2.5%

Equity after refinance$65,000

How the numbers fit together

Your all-in cost is the price plus buying costs, repairs and holding costs. After the work, a lender values the property at its after-repair value and lends a share of it (often 70% to 80%). The new loan pays off what you spent; whatever it does not cover is the cash left in the deal.

The cash-on-cash return is the yearly cash flow on the cash left in. If you got all your cash back, the return is effectively unlimited, but the property now carries a larger loan, so check that the rent still covers it comfortably.

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