Does it Cash Flow???

[John Matthew Johnston]

So I've been reading a lot on BP about how new RE investors pick up properties they think are cash flowing and they end up breaking even or losing cash every month. We have a property that we are gonna BRRR. Here are the numbers:

Purchase price $77,000

Closing costs estimated $4000.00

Rehab Cost estimated-$16,000.00

Mortgage Estimated- $800.00/Month

Landlord Insurance-$55.00/Month

Vacancy- 5%=$60.00/Month

CapEx-5%=$60.00/Month

Taxes-$167.00/Month

We are looking to pull out $80,000.00 on the refi

The house should rent for 1200-1400/Month

So with these numbers does the this property cash flow? Does the mortgage look like the right amount for a refinance?

I apologize to such a basic question