Purchase & initial financing

Purchase price

Closing costs (purchase)

Purchase type

Down payment / cash to close

Initial loan rate (interest-only)

Rehab & holding period

Rehab budget

Holding period

Taxes + insurance during hold

$/mo

Refinance

After-repair value (ARV)

Refinance LTV

Refinance rate

Refinance term

yrs

Refinance closing costs

Rent & operating expenses

Monthly rent (post-rehab)

Property taxes (annual)

Insurance (annual)

Property management

Maintenance reserve

Vacancy reserve

CapEx reserve

Cash left in deal

Monthly cash flow

Cash-on-cash return

—

Cash pulled out

Refi loan amount

DSCR (post-refi)

0.00

Down payment / cash to close
Purchase closing costs
Rehab budget
Holding costs during rehab
Total cash invested

Refinance loan (ARV × LTV)
Payoff of initial loan
Refinance closing costs
Cash out at refinance

Effective rental income
Operating expenses
Net operating income
New mortgage payment
Monthly cash flow

"Cash left in deal" is total cash invested minus cash pulled out at refinance. When it's zero or negative, the refinance returned all — or more than all — of your capital, so cash-on-cash return shows as infinite. The initial loan is treated as interest-only during the hold, so its payoff at refinance equals the original loan amount.