Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

6
Posts
0
Votes
Paul Dworianyn
0
Votes |
6
Posts

[Calc Review] Help me analyze this deal

Paul Dworianyn
Posted

View report

My friends in Chicago call me 'no walls Paul' because I purchased this property 17 years ago, had the ambition to flip it, but got very distracted with other things that resulted in this property not getting finished.

I currently live in Florida, I've used the property as an office for my company for a while, but recently have asked the employees to move out so I could more easily sell it. However, because the property is unfinished, it has been difficult to at a price point that helps me get out of my 95K mortgage on the property.

I've run a BRRRR report on the property putting in the 95K that I owe on the property, and the 25K or so that is needed to fix it up to make it rentable. The resulting COC ROI is INF% which seems good, but I somehow think I'm missing something. If I currently owe 95K on this property, but 25K into it to get it rentable, then refinance to pull the money back out, how can I evaluate my COC return?

Any advice would be greatly appreciated!