BRRRR Calculator: How the Strategy Really Works
BRRRR — Buy, Rehab, Rent, Refinance, Repeat — lets you recycle the same capital across multiple properties. Done right, you pull most or all of your cash back out at refinance and keep the property as a cash-flowing rental.
The five steps
Buy below market, Rehab to force up the value, Rent it out, Refinance based on the higher after-repair value, then Repeat with the cash you pulled out.
The number that matters: cash left in deal
At refinance, the new loan (typically 75% of ARV) pays off your purchase loan and returns cash to you. Subtract that from what you invested and you get your cash left in the deal. The smaller it is, the higher your return — and if it's zero, your cash-on-cash return is effectively infinite.
Where BRRRR goes wrong
Over-optimistic ARV, rehab overruns, and rising refinance rates are the usual culprits. Always stress-test a conservative ARV and a higher rate before committing.
Fix & Flip / BRRRR Analyzer
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View the Fix & Flip / BRRRR Analyzer