[Calc Review] Help me analyze this deal 1st Ever Calculation
Hey Guys, this is my first ever use of the calculator and I wanted to see if I made any glaring mistakes.
Thank so much
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The loan amount and ARV are both listed at $60k -- is this correct? Usually you'll get 75% LTV when you refinance. So if the ARV is really $60k, the most you'll get back is $45k, so that will get you back your down payment, CCs, some of your rehab money. You'll still have ~$15k left in the deal.
I think a quick analysis is ARV * 75% - (all in costs) = profit/loss. If this equation yields 0 or a profit, it should be a good BRRRR deal.
On the flip side, leaving *some* money in a BRRRR deal is okay also. Just depends on the deal. I left $10k in a BRRRR deal and I have $65k of equity and it cash flows nicely.