BRRRR Calculator
Buy, Rehab, Rent, Refinance, Repeat. See how much cash you pull out on the refi, what's left in the deal, and your cash-on-cash return.
Monthly expenses = taxes, insurance, maintenance, vacancy, and management (not the mortgage). This model assumes you buy and rehab with cash, then refinance at the ARV.
Cash Left in the Deal After Refi
$0
You pulled out all your capital (and $15,000 extra) — an "infinite return" BRRRR.
Cash Invested
$195,000
Cash Pulled Out
$210,000
Monthly Cash Flow
$82
Cash-on-Cash
Infinite
Refinance Breakdown
| Total Cash Invested (purchase + rehab) | $195,000 |
| New Loan at 75.0% of ARV | $210,000 |
| New Monthly Mortgage (P&I) | $1,468 |
| Post-Refi Annual Cash Flow | $980 |
| Cash Left in Deal | $0 |
How the BRRRR refinance math works
BRRRR — Buy, Rehab, Rent, Refinance, Repeat — is about forcing equity through renovation, then borrowing against the higher value to recover your cash. This calculator assumes you buy and rehab with cash (so your capital in the deal is $195,000), then do a cash-out refinance at 75.0% of the after-repair value.
The refi loan is ARV × LTV. The cash you pull out is those loan proceeds; whatever you can't recover stays trapped as cash left in the deal. The dream scenario is pulling out everything you put in — then your cash-on-cash return is effectively infinite because your remaining capital is near zero. Most lenders cap cash-out refinances on investment properties at 70–75% LTV, so set the slider to match your lender.
Cash-on-cash here is post-refi annual cash flow divided by the cash still left in the deal. Many BRRRR investors use DSCR loans for the refinance because they qualify on the property's rent rather than personal income. Read the full playbook in our BRRRR method guide, and see the cash-out refinance guide for how the refi itself works.
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Frequently Asked Questions
What does BRRRR stand for?
Buy, Rehab, Rent, Refinance, Repeat. You buy a distressed property cheap, renovate to raise its value, rent it out, refinance to pull your cash back out, and reuse that cash on the next deal. Done well, you build a rental portfolio with the same down payment recycled over and over.
What is an "infinite return" in BRRRR?
If your refinance returns 100% of the cash you invested, you have essentially zero of your own money left in the property. Any positive cash flow divided by near-zero invested capital produces an extremely high (theoretically infinite) cash-on-cash return. It's the goal, but it requires buying well below ARV.
What LTV can I get on a cash-out refinance?
Most lenders cap cash-out refinances on investment properties at 70–75% of the appraised value. DSCR and portfolio lenders sometimes go a bit higher. Always confirm the LTV and any seasoning period (often 6 months of ownership) before you count on pulling all your cash out.
What if I can't pull all my cash out?
That's common and still fine, as long as the leftover capital earns a solid cash-on-cash return and the property cash flows. The most frequent reasons are a lower-than-expected appraisal or rehab overruns. Buying further below ARV and controlling rehab costs are the levers that maximize cash pulled out.