Cash-Out Refi Calculation on Investment Property (Duplex)
Hello BP Community!
Looking for an assist on calculating cash-out refi:
Purchase Price: 260,000
Down (25%): 65,000
Remaining Balance on Loan: 193,000
Total Rehab Cost (both units): 60,000
Projected Appraised Value at time of Refi: 330,000
LTV: ??
Max Cash-Out Amount: ??
Thank you!