BRRRR Calculator
Find out how much of your capital comes back at refinance, and whether the rent still covers the new loan.
What This Calculator Does
Runs the full buy, rehab, rent, refinance, repeat cycle: total cash in through purchase and renovation, the loan the post-rehab appraisal supports, the capital returned at refinance, and the cash flow and return on whatever stays in the deal.
Who Is This For
Investors building a rental portfolio without fresh capital for every purchase, owners of a renovated property deciding whether to refinance or sell, and anyone who wants to test the BRRRR strategy against real Miami costs rather than a spreadsheet from a seminar.
How It Works
Enter the purchase price, rehab budget, and expected value once the work is complete, then the refinance terms and the rent the finished property commands. The calculator shows how much cash comes back, how much remains invested, and what the property yields on it.
Frequently Asked Questions
What does BRRRR stand for?
Buy, rehab, rent, refinance, repeat. You purchase a property that needs work, renovate it, place a tenant, refinance against the improved value, and put the returned capital toward the next one.
How much can I pull out at refinance?
Investor cash-out programs typically cap at 70-75% of appraised value. The new loan pays off the acquisition and rehab debt, and whatever is left after costs is the capital you recover. If the appraisal comes in low, the shortfall stays your money inside the deal.
What does infinite return actually mean?
It describes the case where the refinance returns all of the cash you put in, leaving none of your own capital invested. Any cash flow after that is a return on zero, which is where the phrase comes from. It requires a value lift large enough to clear the loan cap, and it is the exception rather than the plan.
Is there a seasoning period?
Most lenders require the property to be held for a set period before they will lend against the new appraised value instead of your purchase price. The requirement varies by program, so confirm it before you budget on the improved value — it decides when your capital actually returns.
Does the rent still work after refinancing?
That is the test people skip. The new loan is larger than the old one, so the payment rises while the rent stays where the market puts it. Run the post-refinance cash flow with taxes, insurance, and association dues included before you decide how much to pull out.
Does BRRRR work in Miami?
It works where you can create value an appraiser will recognize, which is harder in condo buildings with rules on renovations and easier in single-family pockets with dated housing stock. Insurance and association costs weigh more heavily here too, so the cash flow test after refinancing matters more than the equity story.