Can you take a look at my BRR Analysis?

[Dolores Waldron]

Hi BP Community,

I'm practicing with the BRR calculator and would love to get your thoughts on this deal:

It's a bank owned property, 3 family - Bank is asking 425K cash(too much) ARV 550K, rentals $1,600/unit I was playing with some scenario's where I would use other people's money to do the entire purchase (except closing costs) - so using a private / hard money loan at 13% plus 3 points for a purchase price of $245K cash plus $50K rehab - here's my report, it still doesn't look like a good deal as I am negative for the entire year while holding until the refinance and it's not calculating cash on cash return although I am paying the closing costs out of pocket ...

Would love your thoughts and advice on my analysis and what would make this a good deal

Thank you !!

https://www.biggerpockets.com/calculators/shared/7...