Help me analyze this deal

[Tom Murphy]

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First time using the BRRR calculator for a duplex in an up and coming area in Charlotte, NC.    The duplex will need a total gut but we're hoping the reno will drive the rental rates up past what they've been typically seeing in un reno's properties in this area.  Our real interest is to hold this for 3-5 years and let the "hot" appreciation in the area catch up.

I'm not seeing the numbers work in my calculator.  Can you all please advise?  Thank you

[Tim Herman]

BRRR to work ARV $230000 x 70%= $161000 - $85000(repairs)= $76000 offer for purchase. Even after you fix it up the income doesn't meet the 1% rule. $1495 monthly income = $149500 total price.