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Calculate your BRRRR rental property returns in 60 seconds. See monthly cash flow, cash-on-cash ROI, and how much capital you'll recover through refinancing.

BRRRR Property Details

Acquisition

$
$

15% contingency added automatically

$

Rental Income

$

Market rent for similar properties

Refinance Terms

Typical: 75% for rental property refinance

Current rental rates: 6.5-7.5%

Monthly Expenses

$
$

Standard: 8-10% of monthly rent

BRRRR Analysis

BRRRR Viability
MARGINAL
Monthly Cash Flow
-$297
Below $200 target
Annual Cash Flow
-$3,566
Cash-on-Cash ROI
-178.3%
Below 10% target
Cash Left in Deal
$2,000
Below $20K threshold
Monthly Breakdown
Rent:$2,000
P&I:-$1,397
Taxes:-$350
Insurance:-$150
Prop Mgmt:-$200
Vacancy:-$100
CapEx:-$100
Capital Recovery
Total cash invested:$212,000
Refinance proceeds:$210,000
Capital recovered:99.1%

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What is the BRRRR Method?

BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat - a real estate investing strategy that allows you to build a rental property portfolio while recycling most of your initial capital. Unlike traditional buy-and-hold, BRRRR lets you recover 70-100% of your investment through refinancing, then use that capital to buy the next property.

The BRRRR strategy was popularized by BiggerPockets and has become the go-to method for investors who want to scale a rental portfolio quickly without needing millions in capital. Done correctly, you can acquire 5-10 rental properties using the same $100K starting capital.

The 5 Steps of BRRRR

1

Buy

Purchase a distressed property below market value. Target properties that need $30K-80K in rehab but are priced accordingly. Your goal: buy at 65-70% of ARV or less.

Example: $150K purchase price on a property worth $280K after repairs

2

Rehab

Renovate the property to force appreciation. Focus on value-add improvements: kitchens, bathrooms, flooring, paint. Budget 4-6 months for rehab including permitting delays.

Example: $50K rehab budget with 15% contingency = $57,500 total

3

Rent

Place a qualified tenant using 3X rent income rule. Most lenders require 6-12 months of rental history before refinancing, though some allow immediate refinance with signed lease.

Example: $2,000/month market rent with tenant making $6,000+/month

4

Refinance

Get a cash-out refinance based on the new ARV. Lenders typically loan 70-75% LTV on rental properties. The refi proceeds recover most or all of your invested capital.

Example: $280K ARV × 75% LTV = $210K loan payoff, recovering $205K of your $210K total investment

5

Repeat

Take the recovered capital and start over with property #2. Each BRRRR cycle adds a cash-flowing rental to your portfolio while recycling the same capital.

Goal: Acquire 1-2 properties per year using BRRRR method

Key BRRRR Metrics Explained

Monthly Cash Flow

Monthly Cash Flow = Monthly Rent - (P&I + Taxes + Insurance + Prop Mgmt + Vacancy + CapEx)

This is your net profit each month after all expenses. Target $200+/month minimum to account for unexpected repairs and market fluctuations. Properties cash-flowing $300-500/month are solid. $500+ is excellent.

Cash-on-Cash ROI

Cash-on-Cash ROI = (Annual Cash Flow / Cash Left in Deal) × 100

This measures your return on actual capital invested. Target 10% minimum for viable BRRRR deals. Anything above 15% is excellent. Above 20% is rare but achievable in the right markets.

Why it matters: If you leave $15K in the deal and earn $1,800/year cash flow, that's a 12% cash-on-cash return - better than most stock market returns with the added benefit of property appreciation and loan paydown.

Cash Left in Deal

Cash Left in Deal = Total Cash Invested - Refinance Loan Amount

This is the capital you can't recover through refinancing. Target $20K or less left in the deal. The lower this number, the faster you can repeat the BRRRR cycle. The holy grail is a "zero left in" deal where refinance proceeds = total investment.

Real BRRRR Example Walkthrough

Property: 789 Maple Street (3 bed, 2 bath, 1,600 sqft)

Buy: Purchase price $150,000 (distressed property)
• Closing costs (3%): $4,500
Rehab: $50,000 renovation budget
• Kitchen: $18K, Bathrooms: $16K, Flooring: $10K, Paint: $4K, Misc: $2K
• With 15% contingency: $57,500
Total Cash In: $150,000 + $4,500 + $57,500 = $212,000
Rent: $2,000/month market rent
• Tenant placed after 6-month rehab + seasoning period
Refinance (after 6 months):
• New appraised value (ARV): $280,000
• Refinance at 75% LTV: $280,000 × 0.75 = $210,000 new loan
• 7% interest rate, 30-year fixed = $1,398/month P&I
Monthly Expenses:
Principal & Interest:$1,398
Property taxes:$350
Insurance:$150
Property management (10%):$200
Vacancy reserve (5%):$100
CapEx/maintenance (5%):$100
Total expenses:$2,298
Monthly Cash Flow: $2,000 - $2,298 = -$298
⚠️ This deal is NEGATIVE CASH FLOW - not a viable BRRRR!
What went wrong?
Purchase price was too high relative to rent. Need either $1,800 rent minimum OR purchase at $130K max to make this work.

When BRRRR Makes Sense vs Flip

FactorChoose FlipChoose BRRRR
Cash NeedNeed cash nowBuilding long-term wealth
Market RentsLow rent-to-price ratio (<0.8%)Strong rents (1%+ rule)
Time HorizonQuick profit (6 months)Long-term hold (5-10+ years)
FinancingHard money OKNeed conventional refi option
Property LocationHigh-appreciation marketsCash-flow markets
Tax StrategyOK with active income taxPrefer passive income

Common BRRRR Mistakes

1. Overestimating Post-Refi ARV

Bank appraisals often come in 5-10% below your estimate. Use conservative ARV to avoid getting stuck with a low-LTV refi that leaves too much capital in the deal.

2. Ignoring the 1% Rule

Monthly rent should be at least 1% of purchase price + rehab. If you're at 0.8% or less, you'll struggle to cash flow after refinancing. Example: $200K all-in cost needs $2,000+/month rent minimum.

3. Not Accounting for Refinance Costs

Cash-out refinance costs 2-3% of new loan amount ($4,200-6,300 on a $210K loan). Factor this into your cash-left-in-deal calculation.

4. Skipping Property Management Budget

Even if you self-manage initially, budget 8-10% for property management. As you scale to 5-10 properties, you'll need professional management - don't inflate your cash flow projections.

5. Refinancing Too Soon

Most lenders require 6-12 months of ownership ("seasoning period") before cash-out refinance. Some require 6 months of rental history. Rushing the refi can result in denial or worse terms.

BRRRR Financing Options

You need two separate financing stages for BRRRR:

Stage 1: Acquisition & Rehab Financing

  • Hard money loan: 9-12% interest, 1-2 years, 70-80% LTV (most common for BRRRR)
  • Cash: Use your own capital (best if you have it)
  • Private money: Borrow from individuals at 8-10% interest
  • HELOC: Tap home equity at 7-9% interest (good for experienced investors)

Stage 2: Refinance (Exit Strategy)

  • Conventional cash-out refi: 75% LTV, requires 6-12 month seasoning (most common)
  • Commercial loan: 70-75% LTV, portfolio of 5+ properties, easier to qualify
  • DSCR loan: Based on property cash flow, not personal income (good for full-time investors)

Is BRRRR Right for You?

BRRRR is ideal if you:

  • ✅ Want to build a 5-10+ property rental portfolio
  • ✅ Have $50K-100K starting capital to recycle
  • ✅ Can wait 12-18 months for first property to cash flow after refi
  • ✅ Are comfortable managing (or paying for) property management
  • ✅ Invest in cash-flow markets (Midwest, South) vs high-appreciation markets (CA, NYC)

BRRRR is NOT ideal if you need immediate cash, invest in low-rent markets, or want passive investing without renovation management.

Next Steps

  1. 1. Calculate your target metrics - Use this calculator to determine minimum rent needed for positive cash flow
  2. 2. Find a BRRRR-friendly market - Target markets with 1%+ rent-to-price ratio (Indianapolis, Memphis, Kansas City, etc.)
  3. 3. Build your team - Find contractor, property manager, refinance lender BEFORE buying
  4. 4. Run full deal analysis - Compare BRRRR vs flip to see which strategy maximizes returns

Compare BRRRR to Flip and Wholesale

Flip Analyzer Pro is the only calculator that automatically ranks all three exit strategies (Wholesale, Flip, BRRRR), showing you which path maximizes profit for each property.

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