BRRRR Refi Calculator for Airbnb Hosts — Investor Cash-Out Math — ARV + DSCR Spreadsheet — Excel + Sheets

Did this BRRRR actually return all my cash? BRRRR-to-STR refi math workbook for Airbnb / vacation rental investors. ARV + cash-out + post-refi DSCR + capital-recycled %. Excel + Google Sheets.

The BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) is supposed to return
all your cash so you can recycle it into the next deal. In practice, half of
BRRRR-to-STR conversions leave money trapped in the property because the ARV
didn't support a 70-75% LTV refi, OR the post-refi DSCR fell below 1.20 and
the lender wouldn't approve the cash-out.

This workbook runs the math BEFORE you commit. ARV calculator (two methods),
refinance terms, post-refi DSCR projection, cash-left-in (or returned),
capital-recycled %.

═══════════════════════════════════════════
WHAT'S INCLUDED
═══════════════════════════════════════════

📋 Acquisition Tab — purchase, closing, rehab budget, holding costs
📋 ARV Estimation — comp-sales method + stabilized-NOI method (workbook picks conservative)
📋 Refinance Terms — projected LTV, rate, term
📋 Stabilized Operations — projected revenue + expenses post-rehab
📋 Cash-Left-In Calculator — total cash invested − refi proceeds
📋 Post-Refi DSCR — must be ≥1.20 to qualify for cash-out
📋 Capital-Recycled % — how much of original cash you can re-deploy

═══════════════════════════════════════════
WHO THIS IS FOR
═══════════════════════════════════════════

· Active STR investors running BRRRR plays
· Buyers using DSCR / commercial loans for cash-out refi
· Operators scaling 1 property → 3 → 5 → 10 via capital recycling

═══════════════════════════════════════════
WHEN BRRRR FAILS
═══════════════════════════════════════════

· ARV doesn't support 70%+ LTV refi → cash trapped
· Post-refi DSCR <1.20 → can't get the refi
· Stabilized revenue assumptions too aggressive → reality check via comp data

═══════════════════════════════════════════
FILE COMPATIBILITY
═══════════════════════════════════════════

✅ Excel 2016+ · ✅ Excel 365 · ✅ Google Sheets

═══════════════════════════════════════════
REFUNDS
═══════════════════════════════════════════

14-day refund, no questions. hello [!at] thestrledger.com.

═══════════════════════════════════════════

⚠ Digital product. Not investment advice. ARV + DSCR are estimates — actual lender results vary.