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Updated over 5 years ago,
Reading BRrr calculator
I was kinda testing/playing around with the Brrr calculator and fix/flip calculator.
Is there some key numbers that need to be paid extra attention to?
I filled in all the numbers that I could come up with and ran the calculator. I am looking over the numbers and don't see anything alarming or exciting about the deal.
Monthly income:700
NOI: 5,706
Monthly expense: 412/416
Total cash needed: 24,700
Monthly cashflow: 288/284
COC/ROI: 14%/18.5%
pro forma cap rate: 10.97%
purchase cap rate: 14.27%
Is this monthly cash flow after refinancing for the cashout?
I feel like after 2 years of lurking on here I should know what the target rates should be.....but at times my interest/family will pull me away from REI learning for months at a time, I feel like I start over each time I come back !