Akron Ohio BRRRR - Help me analyze this deal

[Caleb Ryan]

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Hello everyone,

I'm looking for some tips on running a BRRRR analysis. Attached is one I just ran but I'm not 100% confident I am taking everything into account. One of my main questions is what % of the ARV are you looking to purchase a property? For example: In the attached property I expect the ARV to come in around $115,000 and I ran the numbers with a purchase price of $65,000 (15,000 below list price). Is this way off base, or am I close to what I should be shooting for? According to the BP rent calculator I should be able to rent it out for around $1,000 per month (being little optimistic).  I have no idea how to accurately calculate rehab costs so I put $40,000 as a guess. Any tips are appreciated. Please see attached report as well as the redfin listing link below.


485 Saint Leger Ave, Akron, OH 44305 | MLS# 4337968 | Redfin


*This link comes directly from our calculators, based on information input by the member who posted.