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Light Blue - Line item
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Grey- Input CellsAnthony's BRRRR Calculator
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White - Formula
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To Do: Factor in rent growth and return over time
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Figure out depreciation calculation for net taxable income
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BuyFinancingRefinancingDeal Evaluation
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Deal InfoFinancing OptionsThe Current LoanExecutive Summary
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Property TypeSFHTotal Cost (purchase + rehab) $ 350,000.00 Total Loan Amount $ 297,500.00 Net Monthly Cash Flow $ 1,385.73
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Number of Units1Financing $ 297,500.00 Total Monthly Payment: $ 2,231.25 Annual Cash Flow $ 16,628.80
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Property AddressCash Needed: $ 59,500.00
Total annual exp w/out mortgage
$ 18,745.00
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Sq. Ft2096Financing to cost: 85%The REFI Loan
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Property ARV $ 350,000.00 Capital Recapture / Loss $ (46,425.00)
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Purchase Price 350,000.00 Annual Pmt: $ 26,775 LTV:75%
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Rehab Cost - Equity Created -
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Rehab time (months)4Monthly Pmt: $ 2,231 Amount $ 262,500.00 Equity in Deal $ 87,500.00
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After Repair Value 350,000.00 Rate7.50%Total Cash Used $ 105,925.00
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Hard MoneyTerm30
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Closing Costs 2,500.00 Hard Money Loan-to-Cost85%Cash on Cash return15.70%
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Interest Rate9%Monthly Loan Payment $ 1,852
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Discount Points2%Annual Loan Payment $ 22,226 1% rule ?1.37%
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Rental InformationMonths until Refinance 4
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Unit 1 $ 4,800.00 Equity CreationNOI (before financing) $ 3,237.92
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Bed/ Bath - unit 1Hard Money Loan Principle $ 297,500.00 Refi Loan Amount $ 262,500.00 NI after Financing $ 1,385.73
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Unit 2Hard Money Monthly Payment $ 2,231
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Bed/ Bath - unit 2Hard Money Discount Points $ 7,000.00 Payoff original financing $ 297,500.00 Cap Rate on purchase price10.81%
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Unit 3Holding Costs $ 8,925
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Bed/ Bath - unit 32nd Financing Source (If used)Closing Costs $ 2,500.00 50 % rule? 33%
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Unit 4Loan Amount $ - Less: Total Costs($308,925.00)
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Bed/ Bath - unit 4Loan Interest Rate0%
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Monthly Rent $ 4,800.00 Term: -
Equity left after refinance
$ (46,425.00)
Have to bring in more cash on the refinance
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Cash out on refinance $ (105,925.00)
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Rental Expense BreakdownLoan Monthly Payment0
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Debt payment $ 1,852.18
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Electricity -
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Cable/Internet -
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Sewer -
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Pest -
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Garbage -
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Taxes 362.08 Annual Property Taxes $4,345.00
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Insurance
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Assumptions
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Vacancy 240.00 5%
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Repairs and Maintenance 240.00 5%
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CapEx 240.00 5%
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Property Management 480.00 10%
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Total Monthly Expenses $ 3,414.27
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Net Monthly Rent $ 1,385.73
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