BRRRR Calculator — Milwaukee, WI

Milwaukee offers low entry prices and strong rents relative to purchase prices. The city has a large inventory of duplexes and small multi-family properties that work well for BRRRR — house-hacking a duplex while BRRRR-ing the other unit is a common strategy here.

Median Price

$190,000

Rent Yield

8.5%

BRRRR Entry

$80,000

Target neighborhoods: Bay View, Riverwest, Walker's Point, Sherman Park, Washington Heights

Local tip: Milwaukee duplexes are the sweet spot — you can BRRRR both units with a single acquisition and refinance, reducing per-unit transaction costs and improving capital efficiency.

Numbers below are pre-loaded with typical Milwaukee market data. Adjust to match your specific deal.

Also analyze deals in St. Louis, Kansas City, or Indianapolis.

BRRRR Calculator

Buy, Rehab, Rent, Refinance, Repeat — decision-grade analysis

Compare Scenarios
Deal Inputs
$

What you're paying for the property before rehab.

$

Total renovation cost estimate before contingency.

$

What the property will be worth after renovations, based on comparable sales.

$

Expected monthly rental income from the property.

%

Percentage of purchase price paid upfront.

%

Loan-to-value ratio for the refinance. Most investors target 75%.

%

Interest rate on the long-term refinanced loan.

Capital Recovery Rate

103.2%

Percentage of your total invested cash recovered through refinance. 80%+ is strong. Below 60% means significant capital stays trapped.

Monthly Cash Flow

-$310

Net monthly income after all expenses and the refinanced mortgage payment. This is what hits your bank account each month.

DSCR at Refinance

0.62

Debt Service Coverage Ratio — net operating income divided by annual mortgage payment. Lenders typically require 1.0+ and prefer 1.25+.

Warnings

Deal Breakdown

Purchase

Cash at closing$19,680
Loan amount$64,000
Monthly payment (rehab)$5,686

Rehab

Total rehab cost (w/ contingency)$34,500
Carrying costs (total)$24,305
Carrying costs (monthly)$6,076

Refinance

Appraisal used by lender$155,000
New loan amount$116,250
Cash returned at refinance$80,970
Cash left in deal-$2,485
New monthly payment$813

Cash Flow (Annual)

Effective gross income$12,696
Operating expenses$6,660
Net operating income$6,036
Debt service$9,754
Annual cash flow-$3,718

Returns

Total cash invested$78,485
Capital recovery rate103.2%
Cash-on-cash return
Cap rate3.9%
DSCR0.62
IRR23.0%

Sensitivity Analysis

ARV Variance

-20%
74% recovery-$147/mo
-15%
81% recovery-$188/mo
-10%
89% recovery-$229/mo
-5%
96% recovery-$269/mo
Base case
103% recovery-$310/mo
+5%
110% recovery-$350/mo

Rehab Overrun

Base case
103% recovery-$310/mo
+20%
95% recovery-$310/mo
+30%
91% recovery-$310/mo
+50%
85% recovery-$310/mo

Rent Variance

-15%
103% recovery-$451/mo
-10%
103% recovery-$404/mo
-5%
103% recovery-$357/mo
Base case
103% recovery-$310/mo
+5%
103% recovery-$263/mo

This analysis is an estimate based on the inputs you provided. Actual results will vary. Not financial advice. Consult qualified professionals before making investment decisions.

BRRRR Timeline

Purchase

Month 0 · $80,000 — $19,680 cash at closing

Rehab Complete

Month 4 · $34,500 total rehab cost

Tenant Placed

Month 5 · $1,150/mo rent starts

Seasoning Met

Month 6 · 6 months — eligible for full-ARV refinance

Refinance

Month 6 · $80,970 returned, -$2,485 left in deal

Year 1

Month 12 · -$3,718 annual cash flow

Month 0: Purchase$80,000 — $19,680 cash at closing

Month 4: Rehab Complete$34,500 total rehab cost

Month 5: Tenant Placed$1,150/mo rent starts

Month 6: Seasoning Met6 months — eligible for full-ARV refinance

Month 6: Refinance$80,970 returned, -$2,485 left in deal

Month 12: Year 1-$3,718 annual cash flow

Capital Recovery Waterfall

Show data table
CategoryAmount
Total Invested-$78,485
Recovered at Refi$80,970
Cash Flow Y1-$3,718
Equity Y1$5,722
Net Position-$1,233

Sensitivity: ARV vs Rehab Overrun

ARV+0%
Rehab Overrun+0%
Rent+0%
Capital Recovery103.2%
Monthly Cash Flow-$310
DSCR0.62