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Updated over 7 years ago on . Most recent reply

User Stats

252
Posts
175
Votes
Charles Soper
  • Rental Property Investor
  • Merritt Island, FL
175
Votes |
252
Posts

Long-Term BRRRR Strategy Calculator / Calculations?

Charles Soper
  • Rental Property Investor
  • Merritt Island, FL
Posted

I'm building out a business plan and working on a long-term strategy that will ultimately provide retirement income somewhere around 15-20 years down the time horizon. My better (and data-driven) half asked a question about what the "end of the road"/start of retirement would look like using the BRRRR strategy and I didn't have an answer. So off I go searching for a calculator of sorts that might help and I've found a few that get me most of the way there but not all the way. Some give me the 30 year analysis on a single property which I suppose i could aggregate and get an answer but it's sloppy, or I found one in the FilePlace that runs out over multiple years for multiple properties which was great, except it excludes the BRRRR idea and and rehab costs.

So I'm turning to the community in hopes that somebody can in turn point me to a nifty tool or make a suggestion that I haven't thought of to arrive at an answer.

  • Charles Soper
  • Most Popular Reply

    User Stats

    1,405
    Posts
    864
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    John Leavelle
    • Investor
    • La Vernia, TX
    864
    Votes |
    1,405
    Posts
    John Leavelle
    • Investor
    • La Vernia, TX
    Replied

    Howdy @Charles Soper

    Not sure what you are really looking for. Are you looking for a calculator to figure ROI over the 15 - 20 year timeframe?

    Or are you trying to determine how many rental properties you will need to obtain a certain amount of passive income for your retirement?

    Here’s my first guess of what you are wanting.  Let’s say you want to be able to live off of $10,000 per month in passive income at retirement.  How many units will this take?  It depends on your investment criteria.  If you require a minimum of $100 per month Cash Flow per unit , then you will need 100 units.  $150 per unit/75 units required and $200 per unit you will need 50 units.

    Then divide the number of units required by the number of years until you retire and you get the average number unit you need to purchase per year to meet your goals. 100 units/20 years = 5 units per year. The types of units you purchase dictate how many properties you need. SFR will require a whole lot them. Small residential multi family properties (2 - 4 units) will get you there faster. And of course small apartments (5 - 20 units) will meet your goals quicker.

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