My latest BRRRR numbers

[Mayer M.]

Hey guys, Just had a successful BRRRR and would love your opinion/feedback on how we did. It’s important to note the properties are located in a B neighborhood in which property values are on an upward trajectory. 6 condos refinanced 75% LTV in two loans $300k @ 5% 5/20 and $34.5k @ 5% 5/10 All in costs for units and rehab $305k Refinance amount $334.5k (yes we got out $30k more than we put in) Gross annual rent $94,620 Annual Mortgage payments $28,308 Annual condo fees $13,680 Annual Property taxes $13,200 Annual Insurance $3,300 Annual Water/Sewer $7,056 Net is $29,076