Did my first BRRR analysis. Is this a good deal?

[James J Luka]

3 bR 2BA  buying for $35k, needs $25k in renovations. Should appraise for $110K. Rent is $1100. Need to borrow $50k from Hard money lender, but plan to pull $70K out from the refi.  Am I on the right track? sanity check anyone?

The BRRR calculator says positive cashflow = $168/mo

[Jason D.]

@James J Luka so you're in it for $60k plus closing and holding, so probably $70 total, the refinancing it back for $70k, and it rents for $1100? It all depends on your fixed expenses but I would call that a solid deal.