Rex says
Money math without the spreadsheet headache. Plug in your numbers and I'll show you exactly where the dollars land.
Try a scenario
Click to load — tweak from there.Inputs
Result
Cash out at closing
$25,500
Cash left in deal
$36,500
Capital recycled
41%
New refinance loan amount
$195,000
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One click, a permanent link with your numbers baked in.
How to use this
- 1Enter after-repair value (arv) ($).
- 2Enter refinance ltv (%).
- 3Enter existing bridge/hard money payoff ($).
- 4Enter total cash invested (down + closing + rehab + holding) ($).
- 5Enter refinance closing costs ($).
- 6Read your cash out at closing on the right — it updates as you type.
- 7Hit Share to keep the scenario or send it to someone.
About this calculator
BRRRR only works if the refi actually returns your capital. This tool takes the after-repair value (ARV), the refinance loan-to-value the lender will underwrite, and every dollar you've put in — purchase, closing, rehab, holding costs — and tells you the cash-out amount, the cash left in the deal, and your capital recycled percentage. Lenders on cash-out refis for investment property typically cap at 70-75% LTV of ARV, and many require six to twelve months of seasoning before they'll use ARV instead of purchase price. That seasoning delay is the single most underestimated variable in BRRRR math because it means holding costs run longer than beginners plan for. This calculator also nets out the new loan's payoff of the existing bridge or hard money balance, since that's the actual mechanic of the refinance: the new loan pays off the old one first, and whatever's left over is your check.
Worked example
Using the values the calculator loads with:
Inputs
- After-repair value (ARV): 260000 $
- Refinance LTV: 75 %
- Existing bridge/hard money payoff: 165000 $
- Total cash invested (down + closing + rehab + holding): 62000 $
- Refinance closing costs: 4500 $
Results
- Cash out at closing: $25,500
- Cash left in deal: $36,500
- Capital recycled: 41%
- New refinance loan amount: $195,000
What each field means
Inputs
- After-repair value (ARV) ($)
- The after-repair value (arv) used in the calculation, measured in $. Starts at 260000 $ so you have a working example on load.
- Refinance LTV (%)
- The refinance ltv used in the calculation, measured in %. Starts at 75 % so you have a working example on load. Accepted range: 1–100 %.
- Existing bridge/hard money payoff ($)
- The existing bridge/hard money payoff used in the calculation, measured in $. Starts at 165000 $ so you have a working example on load.
- Total cash invested (down + closing + rehab + holding) ($)
- The total cash invested (down + closing + rehab + holding) used in the calculation, measured in $. Starts at 62000 $ so you have a working example on load.
- Refinance closing costs ($)
- The refinance closing costs used in the calculation, measured in $. Starts at 4500 $ so you have a working example on load.
Results
- Cash out at closing
- Returned as a money amount in US dollars and shown as the headline result. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- Cash left in deal
- Returned as a money amount in US dollars. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- Capital recycled
- Returned as a percentage. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- New refinance loan amount
- Returned as a money amount in US dollars. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
FAQ
Why does my lender use purchase price instead of ARV?
Most conventional and DSCR lenders require six to twelve months of title seasoning before they'll lend against appraised ARV. Before that window, they base the refinance on the lower of purchase price plus documented improvements or the new appraisal, which usually kills the cash-out until seasoning passes.
What LTV should I actually use in this calculator?
75% is standard for DSCR and conventional investment cash-out refis; some portfolio lenders go to 80% for strong borrowers with reserves. Run the calculator at both 70% and 75% to see your outcome range before committing capital to the rehab.
Is it bad to leave cash in the deal?
Not necessarily. Leaving 10-15% of ARV in the property while cash-flowing well still beats an all-cash purchase, and it's far more common than the 'zero cash left' version of BRRRR marketed online. Track it against your cash-on-cash return, not against a mythical 100% recycle rate.
Does rehab budget overrun kill the recycle percentage?
Yes, directly — every dollar of overrun raises total invested without raising ARV unless it was value-adding scope. Track actual invoices against budget weekly during rehab so the refinance-day math isn't a surprise.
Accuracy and limitations
- Results are estimates before tax, fees, and inflation unless an input explicitly covers them.
- Rates are treated as fixed for the whole period — variable-rate products will drift from this projection.
- This is educational maths, not financial advice. Check anything contractual with the lender or your accountant.
Related tools
DSCR Loan Sizing Calculator
Find the max loan a DSCR lender will approve based on property cash flow.
Hard Money Bridge Loan Total Cost Calculator
Total all-in cost of a short-term hard money or bridge loan, points included.
Cap Rate Expansion Sensitivity Calculator
See how much exit value drops if cap rates rise between purchase and sale.
Cite this calculator
Writing about this topic? Grab a citation — every link helps keep these tools free.
RevenueLab. (2026). BRRRR Refinance Capture Calculator. Retrieved from https://www.revenuelab.fyi/toolbox/brrrr-refinance-capture
<p>Source: <a href="https://www.revenuelab.fyi/toolbox/brrrr-refinance-capture" target="_blank" rel="noopener">BRRRR Refinance Capture Calculator — RevenueLab</a> (2026).</p>
Source: [BRRRR Refinance Capture Calculator — RevenueLab](https://www.revenuelab.fyi/toolbox/brrrr-refinance-capture) (2026).