[Calc Review] Help me analyze this deal 1st Ever Calculation

[Nathan Veech]

Hey Guys, this is my first ever use of the calculator and I wanted to see if I made any glaring mistakes.

Thank so much

View report

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

[Account Closed]

The loan amount and ARV are both listed at $60k -- is this correct? Usually you'll get 75% LTV when you refinance. So if the ARV is really $60k, the most you'll get back is $45k, so that will get you back your down payment, CCs, some of your rehab money. You'll still have ~$15k left in the deal.

I think a quick analysis is ARV * 75% - (all in costs) = profit/loss. If this equation yields 0 or a profit, it should be a good BRRRR deal.

On the flip side, leaving *some* money in a BRRRR deal is okay also. Just depends on the deal. I left $10k in a BRRRR deal and I have $65k of equity and it cash flows nicely.