Newbie!! [Calc Review] Help me analyze this deal

[Julie Mistretta]

Hi Everyone, 

I am working on my first buy and hold rental property. I think I have found a pretty solid deal. Please view the attached report. 

Home price: $130K

Conventional loan with 25% down: $32,500

Estimated repairs: $25K. I had my father who is a contractor and his friend who is an electrician help me come up with these numbers. 

ARV: $160,000

Here is my hang up, the $32,500 down payment plus the $25K in repair basically uses my entire budget for this project. How can I get my money back out of this place to repeat the process in a year?? The report from Bigger Pockets seems like a good "base hit" to me, but I'm spending $57,500 just to make an extra $400/mo. I can wrap my head around this if there is a way for my to pull my money back out and do it again, but Im using a conventional loan, this is not really a BRRR strategy.

Thanks for any feedback! 

View report

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