@Jessica Uppal After viewing the report it doesn't look like a cash-flowing property, after the ReFi. The numbers appear to estimates but the property could be flip opportunity. If the ARV is truely $300K that's a nice spread. Good luck.
Thank you Jaron Walling! I'm trying to determine what would make this a good BRRRR - looks like I'd either need the rent to be higher or my monthly expenses to be lower to cash flow. Appreciate the feedback.
I agree the expenses are really important. Finding and using accurate numbers really helps. I always play conservative in case the bogey monster down turn happens.
The BP calculator gives a inaccurate sense of ROI because of the 50% rule. I don't use any rules of thumb. I use real numbers when possible and look up the taxes, get insurance quotes, and compare sold comps to find the ARV. Realtors will provide stuff like this for free. If they don't find one that will.