[Calc Review] Help me analyze this deal- 1st BRRR

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  • Trent Stone
    Real Estate Agent · Salt Lake City, UT · Member since 2015 · 183 posts · 159 votes
    6y

    What would you like to know about your report?

    0Reply
  • Guifre Mora
    Lender · San Diego, CA · Member since 2019 · 874 posts · 355 votes
    6y
    Originally posted by @Drew Hittner:

    View report

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

     It's incomplete ...

    0Reply
  • Drew Hittner
    OP
    Member since 2019 · 45 posts · 16 votes
    6y

    Did I do something incorrect? The total annualized return isn't populating. With the numbers already penciled does this deal work for almost everyone?

    0Reply
  • Drew Hittner
    OP
    Member since 2019 · 45 posts · 16 votes
    6y

    @Trent Stone @Guifre Mora Do you think its a good deal?

    0Reply
  • Guifre Mora
    Lender · San Diego, CA · Member since 2019 · 874 posts · 355 votes
    6y
    Originally posted by @Drew Hittner:

    @Trent Stone @Guifre Mora Do you think its a good deal?

    How can it be a good deal if the numbers don't add up?

    Purchase 11,500 + closing 1,000 = ARV 73,750. How are you gaining so much equity int the value, if no rehab is being done?

    Let's just start there. It's hard to work backward on a calculation if you doing have all the facts. 

    If you are rehabbing and then refinancing to hold the property its two transactions.

    Rehab portion:

    1. Purchase
    2. Down payment
    3. Rehab budget, including holding costs and interest reserves
    4. Closing costs
    5. ARV

    Refinance:

    1. NOI (Annual Net Operating Income)
    2. Annual Debt Service
    3. KPI's
    4. COCROI
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  • Drew Hittner
    OP
    Member since 2019 · 45 posts · 16 votes
    6y

    @Guifre Mora the numbers I penciled simply did not save once I publised the thread. I didn't understand why you were asking, now I definitely do. Apoligies.

    0Reply
  • Drew Hittner
    OP
    Member since 2019 · 45 posts · 16 votes
    6y

    @Guifre Mora @Trent Stone The link below should work now.



    https://www.biggerpockets.com/calculators/shared/1618499/eca44732-8e95-42a1-8c7d-1501ce9f62f9

    0Reply
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