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Buy, rehab, rent, refinance, repeat

BRRRR calculator

See how much cash the refinance returns, and whether the rent covers the new payment.

Cash in, then cash back

Cash in is the purchase price, the rehab, buying closing costs, and a lump sum for costs while you renovate. The new loan is the after-repair value times the LTV you enter. LTV is capped at 100% of ARV inside the formula. Refinance proceeds are that loan minus refinance closing costs.

Cash left in the deal is cash in minus proceeds. A positive number is money you have not pulled out. A negative number is cash back: the refinance paid you more than the project cost. That is the BRRRR outcome people hope for, and it still depends on a refinance that actually funds.

Post-refinance cash flow uses the rental formulas from the DSCR calculator, with the new loan as the balance. Vacancy, taxes, insurance, HOA, and the monthly reserve all count. The purchase loan is assumed to be paid off by the refinance.

What this page will not pretend

It does not model seasoning, a prepayment penalty, or whether anyone will lend at the LTV and rate you typed. If you do not know the ARV yet, build one in the ARV estimator and then come back with a number you can defend. If you plan to sell instead of refinance, the flip calculator is the other path.

Questions

What does cash left in the deal mean?

It is purchase price, rehab, buying costs, and holding costs during the project, minus the cash you receive at the refinance after refinance closing costs. A negative number means the refinance paid you back more than you put in.

How are refinance proceeds calculated?

The new loan is ARV times the LTV you enter, limited to 0–100% of ARV. Proceeds are that loan minus refinance closing costs. The page does not model seasoning, prepayment, or a credit decision.

What is post-refinance cash flow?

It uses the same rental math as the DSCR calculator, with the new loan as the balance. Rent, vacancy, taxes, insurance, HOA, and the monthly reserve are all included. The old purchase loan is gone.

Why is cash-on-cash missing after a full cash-out?

If no cash of yours remains in the property, there is no denominator for cash-on-cash. Cash flow and DSCR still show, because those do not depend on cash left in.

Which LTV should I type?

Use the loan-to-ARV figure you intend to ask for. This calculator does not know a program limit and it does not check whether a refinance will be approved.

New worksheets, occasionally

One note when a calculator or worksheet is added. Leave the action URL empty until a provider is connected.

Disclaimer

Results are estimates for education and screening. They are not an appraisal, a loan quote, or financial, tax, or legal advice. Someone underwriting the property can reach a different number.