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BRRRR Scenarios

What it is

A calculator for the refinance step of a BRRRR deal (Buy, Rehab, Rent, Refinance, Repeat — see Glossary). You enter what you've put into the property and what it's expected to appraise for after rehab, and Brickwise computes how much you can pull back out in a cash-out refinance — and how much cash stays tied up in the deal.

Why / when you'd use it

Use this when your strategy is to renovate a property, force its value up, then refinance to recover most of your capital for the next deal. It answers the central BRRRR question: after the refinance, how much of my money is actually still in this deal?

Running a BRRRR analysis

On a property's detail page, select BRRRR refinance scenario to expand it (collapsed by default). Fill in:

  1. Cash invested — everything you've put in so far (down payment, closing costs, rehab)
  2. Existing loan balance — 0 if you paid cash
  3. NOI (annual)
  4. After-repair value (ARV) — the expected post-rehab appraisal
  5. Rehab cost (optional) — tracked for reference; it doesn't feed the refinance math directly
  6. Max LTV % — the lender's maximum loan-to-value for the refinance
  7. Min DSCR — the lender's minimum required DSCR
  8. Refi interest rate %, Refi term (years), Refi closing costs

BRRRR form filled in

Select Run BRRRR analysis. Brickwise computes the loan amount two different ways — capped by LTV, and capped by DSCR — and uses whichever is lower (the binding constraint, see Glossary), since that's the real limit a lender will apply:

  • LTV-constrained loan and DSCR-constrained loan
  • Refinance loan amount, labeled with which constraint bound it
  • Refinance monthly payment
  • Cash left in deal — the number that tells you whether this BRRRR actually recycles your capital

Saving and comparing scenarios

Give the scenario a name under Save as (defaults to "BRRRR Scenario") and select Save this scenario to keep it.

Saved BRRRR scenario with results

Saved scenarios appear in a list below. Check two or more, and a comparison table appears showing LTV-constrained loan, DSCR-constrained loan, refinance loan amount, refinance monthly payment, and cash left in deal side by side — useful for comparing different rehab budgets or refinance terms against each other.

To remove a saved scenario, select Remove next to it. There's no confirmation step.

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