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Rhode Island BRRRR Calculator

Analyze Buy, Rehab, Rent, Refinance, Repeat deals using Rhode Island market data. Property tax, insurance, vacancy rates, and rents are pre-filled with current Rhode Island averages.

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Purchase & Rehab

After Repair Value

Equity Captured$96,100

Refinance Terms

Rental Income & Expenses(Rhode Island defaults)

Rhode Island Market Context

Avg Cap Rate

5.2%

Median Price

$487K

Property Tax

1%

Vacancy Rate

2.6%

Local Factors

  • -Lowest rental vacancy rate in the nation at 2.6% creates strong landlord leverage
  • -Small state with limited new construction supports tight supply
  • -Providence offers more affordable investment than nearby Boston/CT markets

Cash Left in Deal

$91,282

Weak
Post-Refi CoC Return-26.5%
Total Cash In$556,610
Refi Loan Amount$474,825
Cash Back from Refi$465,329
Equity Captured$96,100
Monthly Cash Flow$-2,013
Monthly Mortgage$3,159
NOI$13,746

Where Rent Goes

CASH FLOW$-2,013
Cash Flow$0
Debt Service$37,908
Expenses$12,390

Total Cash In Breakdown

Purchase$487,000
Rehab$50,000
Holding$5,000
Closing$14,610

What does this mean?

This deal leaves too much cash in with too little return. The rehab isn't creating enough forced equity to make the BRRRR strategy worthwhile. Consider negotiating a lower purchase price or increasing your rehab budget to push ARV higher.

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