Refinance strategy

BRRRR Calculator

Trace a rental project from acquisition and renovation through the new loan, the cash recovered at refinance, and the capital that remains invested.

Decision question

How much cash stays in the deal after the refinance?

Buy
Enter a value in US dollars.
Down payment
Enter a value in percent.
Enter a value in US dollars.
Enter a value in percent.
Enter a value in years.
Rehab
Enter a value in US dollars.

The number of months used for initial loan amortization during the project.

Enter a value in months.

Total property tax, insurance, utilities, and other carrying costs during rehab. Initial mortgage payments are calculated separately.

Enter a value in US dollars.
Rent
Enter a value in US dollars per month.
Enter a value in percent.
Enter a value in percent.
Enter a value in percent.
Enter a value in US dollars per year.
Enter a value in US dollars per year.
Enter a value in US dollars per month.
Enter a value in US dollars per month.
Refinance

The estimated property value after the planned rehabilitation.

Enter a value in US dollars.
Enter a value in percent.
Enter a value in percent.
Enter a value in years.
Enter a value in US dollars.

Capital position

Values from the last completed calculation.

Capital position values from the last completed BRRRR calculation
Capital measureAmount
Cash invested$108,044
Cash recovered$75,655
Cash left$32,389
Equity$80,000

BRRRR stages

A stage-by-stage memo of value, outstanding debt, and investor capital.

Property value, loan balance, and investor cash position at each modeled BRRRR stage
Stage
Property value
Loan balance
Investor cash position
Purchase$200,000$160,000$45,000
After rehab$320,000$159,345$108,044
After refinance$320,000$240,000$32,389

This calculator provides estimates for planning and comparison, not financial, tax, investment, or lending advice.

Refinance waterfall

Follow each dollar from the original purchase to the new loan

The refinance does not erase the initial debt. The new loan first covers the remaining purchase loan and refinance closing costs; only the net proceeds can recover investor cash.

Capital remaining

Cash left = max(Total cash invested − net refinance proceeds, $0)

Net refinance proceeds = refinance loan − remaining initial loan balance − refinance closing costs. If proceeds exceed invested cash, the excess is reported as additional cash out instead of a negative cash-left balance.

Before the refinance

Total cash invested includes the down payment, purchase closing costs, rehab, entered holding costs, and the initial mortgage payments made during the rehab period. Total project cost counts the purchase and project costs plus initial interest without counting repaid principal a second time.

After the refinance

Stabilized NOI excludes the refinance payment. Monthly cash flow subtracts that payment, while cap rate compares annual NOI with ARV, DSCR compares annual NOI with annual debt service, and loan-to-cost compares the refinance loan with total project cost.

Read the result as a scenario, not an approval

ARV, rent, rehab timing, and refinance terms are assumptions. The model does not add selling costs, income taxes, future rent changes, unentered repairs, or lender-specific eligibility rules. Compare conservative cases before deciding whether the remaining equity and cash flow fit the strategy.

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