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Updated over 4 years ago,
[Calc Review] Help me analyze this deal Please!
*This link comes directly from our calculators, based on information input by the member who posted.
Hello BP community!
So, i used the BRRRR Calculator for the first time, and this property that i analyzed is a property for personal residence, not as a rental. So in this hypothetical scenario, plan is to rehab it, live in it, then refinance after 1 year.
I wanted to see everyone's input, if i put the data correctly and if i was conservative enough on the numbers.
NOTE: For the monthly income, i put $2600 because in this scenario i will be living in the property (but on average rental income for this neighborhood is probably between $1,800-$2,100)
Also, when i generate the results, what should i be looking for and wha'ts is important for me to consider for this property?
What do you guys normally look for when BRRRR Properties? What is important to you? (Cashflow, Cash on cash roi, cap rat, 50% rule cash flow etc.)
Any advice, criticism and comments is highly appreciated! I want to learn how to analyze properties well like everyone here! Thank you!