How soon can I refinance after buying?

Many lenders want three to six months of ownership before they will lend on the new appraised value, and some want twelve. Inside that window a loan is often limited to what you paid plus documented rehab costs. Seasoning rules vary by program.

What LTV should I expect on the refinance?

Cash-out DSCR refinances typically allow 70% to 75% of the appraised value, sometimes less for lower credit scores or ratios under 1.0. The appraisal, not your estimate of the ARV, sets the number.

What if the refinance returns more than I put in?

Then you have no cash left in the deal and the return on your own money is effectively unlimited. It also means the property is fully leveraged, so check that the rent still covers the new payment with room to spare.

All calculators · Investors and self-employed

BRRRR Calculator

Buy, rehab, rent, refinance, repeat. Enter what you pay and spend to get the property rent-ready, then the refinance on its after-repair value, to see how much of your cash comes back out and whether the rent carries the new loan.

Cash left in the deal

$63,250

The refinance returns $459,750 of the $523,000 you put in.

Purchase80%
Purchase closing2%
Rehab15%
Holding costs3%

All-in cost: $523,000
Refinance loan (75% of ARV): $468,750
Cash out at refinance, after closing costs: $459,750
Cash left in the deal: $63,250
Equity after the refinance: $156,250
New principal and interest: $3,278
Post-refi monthly cash flow: $25
Cash-on-cash on cash left: 0.48%
DSCR (rent ÷ PITIA): 1.23

You recover 88% of your cash and keep $156,250 in equity, with a 1.23 ratio after the refinance.

Check my refinance options (949) 774-9599

Estimates for illustration only, not a loan offer or a commitment to lend. Rates, taxes, insurance and program rules vary; our team will confirm exact figures for your situation.

How this calculator works.

All-in cost is the purchase price, purchase closing costs, rehab, and holding costs for the months before the refinance. The calculator treats this as your cash in the deal; if you used a short-term loan, its payoff comes out of the refinance proceeds the same way.

The refinance loan is the after-repair value times the refinance LTV, typically 70% to 75% for a cash-out DSCR loan. Net proceeds are that loan minus refinance closing costs, and cash left in the deal is all-in cost minus those proceeds.

After the refinance, the new loan's principal and interest payment, taxes, insurance and operating costs come out of the rent to give monthly cash flow. The DSCR shown is gross rent divided by principal, interest, taxes, insurance and HOA.

Cash left in the deal = (purchase + closing + rehab + holding) − (ARV × refinance LTV − refinance closing costs).

Common questions.

Turn the estimateinto real numbers.

Answer a few questions and our team will price your scenario with current rates and the right program.

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See if your property qualifies

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Is this a purchase or a refinance?

No SSN. No credit impact.