Using the calculator

[Lee Burns]

Well howdy do, everyone. I'm a recent Pro member, playing around with the BRRRR calculator more and more on various properties. Can anyone share a report and walk me through an actual good deal? I'm not finding many in the Bronx and Westchester county markets in New York. I understand properties are expensive, but I don't feel confident in my analysis process.

[Michael K Gallagher]

@Lee Burns here is one that I've done recently.  

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I'm in Columbus OH so prices are substantially lower than where you are at.  I notice in most of my numbers I'm really guessing at the rehab budget, but I figure if I go on the high side and the numbers look ok, then I'll rerun them when I can get a contractor out there to look at it.  I don't know enough to be able to estimate well yet.  I also use it to judge where the rehab needs to be.  So it may not give me a good representation of cashflow right away but it can help you set up a rehab budget prior to seeing any bids so that you'll know if the project is even feasible to fit inside your numbers.