Help me undertand the profits with the BRRRR method

[Nathan P Tanner]

Please let me know if I’m seeing clearly Here? (This is for the Bay Area in California)

-Home is 330,000$ (paying cash)

-Closing cost : Buyer and seller agent fee, Property, title, escrow, misc @7.5 % =24,750$

-rehab cost = 50,000$

-refinance cost: appraisal, closing cost, loan officer fee @ 2.5% = 8,250$

- if I was to get 75% LTV on 580,000$ = 435,000$

- with 25% equity still In the property= 145,000$

So tell me if this is correct. I add up the total cost above, I come up with 413,000$. Now I have 25% equity in the house. I’ve made my original investment back and pulled profit from the deal. Do I also include the monthly rent and my equity in the home for total profit or do I keep those two separate. I am going to continue buying more properties so I was thinking to keep them separate so I know what I can invest towards the next location. Please let me know what you think any advice or criticism is welcome.

-monthly rent income= 2,800$

-property management fees @ 10% of monthly rent = 280$ a month