Price, rehab, ARV and refinance LTV

Cash left in = price + rehab - ARV x refinance LTV

Assumes an all-cash purchase with no closing, holding or refinance costs. Switch to Advanced to add them and the rent.

Cash left in the deal

$0

All cash back

Full recovery. The refinance returns all of your cash. Whatever the property earns from here is return on nothing left in the deal.

$360,000 in, $375,000 out (104% recovered), $15,000 extra

The math

Purchase
$300,000
Rehab
$60,000
Cash invested
$360,000
Refinance loan at 75% of ARV
-$375,000
Cash pulled out beyond your investment
$15,000
Equity after the refinanceARV minus the new loan
$125,000
All-in cost vs ARVAbove the 70% rule
72%

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