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BRRRR Exit Refi Calculator

At the end of the BRRRR cycle, the refi is the moneymaker. A successful refi returns all or most of your invested cash, leaving the cash-flowing rental. This calculator checks whether your ARV, LTV, and existing loan payoff produce that result.

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Cash left in deal

$32,475

Cash returned at refi

$20,525

New loan size

$232,500

Infinite return?

No

% of invested recaptured

38.7%

Refi closing cost

$6,975

How the math works

$310K ARV × 75% = $232.5K new loan. Minus $200K payoff, $7K closing, $5K reserve = $20.5K cash to you. Against $53K invested = $32.5K left in. 39% recapture — not bad but not infinite.

To push toward infinite: higher ARV (pay less, rehab smarter), higher LTV at refi (DSCR lenders sometimes go 80%), lower cash invested (negotiate seller credits, optimize rehab costs). Most 'infinite return' BRRRRs come from ARV exceeding the model by 15-25%.

How to Use

  1. Enter ARV and refi LTV.
  2. Enter existing loan payoff and refi closing cost.
  3. Enter total cash invested to date.
  4. See cash returned, cash left in, and whether the deal is 'infinite return.'

Frequently Asked Questions

What's 'infinite return' in BRRRR?

Cash out ≥ cash invested. Your remaining cash in the deal is zero or negative, meaning your ongoing cash flow divides by zero → infinite return. Rarely truly infinite; most 'successful' BRRRRs leave $3-$15K in.

How tight should refi appraisal be?

ARV should be 1.3-1.4x total in-cost (purchase + rehab). Buy-rehab at $235K, ARV $310K = 1.32x. That gives room for a 75% LTV refi to cover most of the all-in.

What if refi comes short?

Options: (1) wait 6-12 months and re-appraise after more seasoning and market time, (2) pay down bridge to fit refi LTV, (3) sell instead. Running short on refi is the most common BRRRR failure — always underwrite ARV conservatively.

When does BRRRR actually fail?

ARV comes in 10%+ below projection. Bridge holds longer than 9-12 months (carry eats returns). Stabilized rent comes in low (DSCR fails at refi). Avoid by conservative ARV, fast rehab, aggressive lease-up.

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