BRRRR calculator: how much capital comes back out?
Buy, rehab, rent, refinance — enter the deal and see exactly how much of your money the refi returns, what stays trapped, and the payment the rent has to carry.
PURCHASE PRICE ($)
REHAB BUDGET ($)
BUY-SIDE COSTS ($)
AFTER-REPAIR VALUE ($)
REFI LTV (%)
REFI RATE (%)
REFI COSTS ($)
Deal recycles? Price the refi leg for real.
These numbers are indicative — a licensed loan officer reviews your exact scenario and firms them against a live lender panel. No documents to start.
The BRRRR method — buy, rehab, rent, refinance, repeat — lives or dies on the refinance leg. This calculator sizes the new loan at your refi LTV against the after-repair value, subtracts refi costs, and compares the proceeds to every dollar you put in (purchase + rehab + buy-side costs). What's left is either capital returned or capital trapped.
Reading your result
A full recycle (zero trapped) means infinite return on the capital that came back — the engine that lets one pot of money buy a property every few months. Trapped capital isn't failure, but be honest about it: 15%+ stuck in the deal makes this a leveraged buy-and-hold, and the equity and cash flow have to justify it on their own.
The two failure points are always the same: the appraisal (see how ARV is really computed) and the coverage — the new payment must clear the rent test on a DSCR refi. Seasoning rules and the delayed-financing exception live in the cash-out guide.
Frequently asked questions
What LTV can I get on a BRRRR refinance?
Investment cash-out typically caps at 70–75% LTV on both conventional and DSCR paths. The best pricing usually sits at 65–70%.
How long before I can refinance at the new value?
Conventional generally wants 12 months of ownership; many DSCR lenders allow cash-out at appraised value after 6. If you paid cash, delayed financing lets you refi immediately but only up to your purchase price plus costs.
Is the cash from the refinance taxable?
No — loan proceeds are borrowed money, not income. Interest deductibility depends on use of funds; confirm treatment with your CPA.
What kills BRRRR deals most often?
Appraisals coming in under the projected ARV, and rents that can't cover the new payment at the target loan size. Comp the ARV honestly and run the DSCR before you buy, not after.