[Calc Review] Help me analyze this deal

[Jaime Lewis]

Hi!! I have a possible first-time BRRR that I am looking at, and am not sure I put in all the info correctly. I am thinking of either cash or a hard money lender to get it started and then refinancing. It is a little 2/1, so it shouldn't be too much work but still thinking around $20K to get it to where I would want it. They think the price would be $75K, but I think it needs closer to $65K. OR... would this be better as an AirBB? I have all the questions. Haha! any advice would be much appreciated.

Thank you!!! I think the report I ran is attached, but this is my first time, so if it isn't, let me know, and I can do a PDF and attach or send it.

View report

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

[Tyler Haanen]

In addition to what Nathan posted above, I would say that your rent seems very low for I presume a 2/1 SFR. Even without knowing the area, this seems low, but maybe I am wrong. Regardless of your numbers, you're not cash flowing after the refinance so I wouldn't want to get into this one as a buy and hold. Perhaps it would be better looked at as a flip?
another comment on repairs they do seem quite low, what do you expect to repair? If you have to replace a roof, already that doubles your budget (10-15k in my area).

Give us more information and others can provide you more insight. Good luck!