[Calc Review] Help me analyze this deal

[Mary Faith Janson]

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

Can someone look at this BRRRR report and let me know if I am filling it out correctly?  Or tell me how to?  Whenever Brandon does his webinar's on BRRRR's, he goes straight to purchasing through a loan.  He never does it with the initial purchase using a Line of Credit.  Here is how we are set up.

1. We have an equity Line of Credit of $115,000 at 4.75% with our bank. 

2. Purchase price is $60,000 - we will use our LOC.

3. Rehab cost is $50,000  

4. Rehab time is 8 mos.  

5. Taxes are $125/mo  

6. Insurance is $100/mo  

7. Refinance for $110,000 at 4.5% for 30 yrs. 

 I just want to be sure I'm using the calculator correctly.  Thank you!