Colin ZaccagnioCompass

BRRRR Calculator

Buy, Rehab, Rent, Refinance, Repeat. Adjust any field to see how much cash the refinance returns, and how much stays tied up in the deal.

Purchase

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How are you buying it?
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or
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Loan Structure

Rehab

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How are you funding the rehab?
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%

The full rehab budget is assumed drawn on the HELOC. How much of it the refinance actually pays off (and whether anything is left over to pay down yourself) shows up as a result at the refinance step.

Holding Period

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mo

Refinance

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or
%
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%
yrs

Post-Refi Rental

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Cash Invested
  • Cash at Close$30,000
  • HELOC Fees$3,150
  • Holding Costs (6 mo)$30,079
= Total Cash Invested$63,229
Cash Out at Refinance
  • Refinance Loan$620,000
  • Acquisition Loan Payoff$513,000
  • HELOC Payoff$103,000
  • Refinance Closing Costs$4,000
= Cash Out at Refi$0
HELOC Balance Remaining
$17,000

The refinance doesn't generate enough cash to pay off the full $120,000 HELOC balance. You'd still owe this much on the HELOC after the refinance closes, unless you bring extra cash to cover it.

Cash Left In Deal
$63,229

You'll still have $63,229 of your own cash tied up in the deal after the refinance.

Refi LTV
80.0%
Post-Refi Equity
$155,000
Monthly Holding Cost
$5,013.13
Total Holding Cost
$30,079
Post-Refi Monthly Cash Flow
  • Rent$3,800
  • Refinance P&I$4,073
  • Tax / Insurance$500
  • Vacancy$190
  • Property Management$304
  • Maintenance$190
= Monthly Cash Flow-$1,456.96
Annual Cash Flow
-$17,484
Cash-on-Cash Return
-27.7%

This estimate is for planning purposes only. Actual loan terms, appraised value, and holding costs vary, this is a starting point for underwriting a deal, not a guarantee from any lender.