Brrrrinvest.com
Partner Project Investment Summary – BRRRRProperty Address[ ] Current Property DetailsMLS Listing: Click here Zillow: Click here Project TimelineProject PlanPurchase and renovate current property located at [ ] and [describe details of planned renovations]. Refinance property upon completion and maintain it as a buy and hold rental. Other details you may wish to include: [Target sale timeline; Information regarding expected property manager/management plan; Information regarding expected contractor]. Current Details of PropertyPost-Renovation Details [ ]-Bedroom [ ]-Bathroom [ ] sq. ft.[ ]Table of ContentsProject Financial Terms See pgs. 2-3Comparable Recently Sold PropertiesSee pg. 4Renovations to Be CompletedSee pg. 5Investment ScenariosSee pgs. 6-7Projected Financial TermsInitial Equity and Refinance Loan CalculationPurchase Price$Cash Amount$Acquisition Loan Amount$Monthly Loan Payment Before Refinance (if applicable)$Closing Costs$Rehab Costs$Assumed After Rehab Value (ARV)$Cash-Out Refinance Loan Proceeds Received$Cash Remaining in Property After Refinance$Initial Equity in Project$Refinance Loan Monthly Payment$Monthly Cash Flow CalculatorIncomeMonthly Rent:$Monthly ExpensesRefinance Mortgage:$Taxes:$Insurance:$Property Management:$Vacancy Charge:$Cash Reserve:$Owner-Paid Utilities:$Other Expenses (HOA fees, etc.):$Total Monthly Expenses:$Variable Assumptions for CalculationsRefinance Loan to After Rehab Value (% of ARV):75%Property Management Fee (shown as % of Gross Rents):10%Average Annual Vacancy Rate:8.0%Annual Rental Rate Increase:5.0%Annual Expense Inflation:2.0%Five-Year Project ForecastYearYear 1Year 2Year 3Year 4Year 5Rental Income$ $ $ $ $ Rehab Months Vacancy (a)$ $ $ $ $ Acquisition Loan Payments (b)$ $ $ $ $ Refinance Loan Payments (c)$ $ $ $ $ Taxes$ $ $ $ $ Insurance$ $ $ $ $ Property Management$ $ $ $ $ Annual Vacancy$ $ $ $ $ Cash Reserve$ $ $ $ $ Owner-paid Utilities$ $ $ $ $ Additional Expenses (HOA fees, etc.)$ $ $ $ $ Total Expenses$ $ $ $ $ Net Income$ $ $ $ $ Cash Remaining in the Property After Refinance $[ ]Initial Net Equity in Property $[ ] Average Annual Return on Investment (ROI) (d) [ ]%Average Annual Return on Equity (ROE) (e) [ ]%(a) Assuming it takes on average one month to complete rehab work and improvements.(b) Only for first 6 months before refinance loan, in an acquisition with mix of cash and loan.(c) Assumes 30-year fixed mortgage straight-line amortization. First 6 months of year 1 do not incur interest or principal until the refinance loan is obtained.(d) Equal to your average cash flow over the five-year period compared to your amount of cash remaining in the property following the refinance.(e) Equal to your average cash flow over the five-year period compared to your initial equity in the property. This percentage should decrease over time as your equity increases through appreciation and loan pay down and is thus shown for illustration purposes only to compare competing investment parable Recently Sold Properties124 Main St.: [Comparison Description] [Link to public listing – Zillow, MLS, etc.] 125 Main St.: [Comparison Description] [Link to public listing – Zillow, MLS, etc.]126 Main St.: [Comparison Description] [Link to public listing – Zillow, MLS, etc.]Renovations To Be Completed Outside of house: Flooring: Painting: Bathroom: Living Room: Bedroom: Bedroom: Basement: Deck: Porch: Appliances: Windows: Furnace: Roof:Optional but suggested: [ ] [ ]Additional Notes:Investment ScenariosScenario 1: – Cash Purchase Between PartnersKey Assumptions:Property purchased with cash between partners (no loan)Partners split the cost of the property and repairsSummary: Out-of-Pocket Costs (Purchase Price and Rehab costs) per person:[You]$ [Partner]$ Total:$ Total Percentage of Out-of-Pocket Costs v. Total Costs to be Paid by Each Person[You][50]%[Partner][50]%Percentage of Monthly Rent (Cash Flow)[You][50]%[Partner][50]%Percentage of Sale Proceeds (Appreciation)Expected Future Sale Price of Property$[You][50]%[Partner][50]%Return on Investment [You][ ]%[Partner][ ]%Scenario 2: – Mix of Cash and LoanKey Assumptions:Property purchased with cash down payment and loan Partners split out-of-pocket costs and loan is in name of one or both partnersPartners split the cost of the property and repairsSummary: Out-of-Pocket Costs (Down Payment, Loan Costs and Rehab costs) per person:[You]$ [Partner]$ Total:$ Total Percentage of Out-of-Pocket Costs v. Total Costs to be Paid by Each Person[You][50]%[Partner][50]%Percentage of Monthly Rent (Cash Flow)[You][50]%[Partner][50]%Percentage of Sale Proceeds (Appreciation)Expected Future Sale Price of Property$[You][50]%[Partner][50]%Return on Investment [You][ ]%[Partner][ ]% ................
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