KPIs when underwriting a BRRR

[Eduardo Sagues]

Hi, 

What are your target metrics when underwriting a BRRR deal? ROI, IRR, MOIC, specific profit $ or %

I have a deal in Marietta, GA that seems a good ROI and IRR but the profit $ is only about $14,000 (4% margin on total costs) on a 285K purchase price. Clearly the ROI is interesting because I'm using a hard money loan and my equity is low but the profit $ is pretty low. It will be a negative cash flow property due to refinance I'm assuming 7% interest

Thanks