Cash Out Refinance Calculator
Calculate how much equity you can tap with a cash-out refinance. Perfect for BRRRR investors looking to recycle capital.
Current Property
New Loan Terms
Cash Out & Closing Costs
Maximum cash out available at 75% LTV: $137,500
Refinance Analysis
You'll retain significant equity cushion after refinancing.
Before & After
Using Cash-Out Refi in BRRRR
In the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat), you refinance after rehabbing to pull out your invested capital and reinvest in the next property.
You could pull out $92,000 and use it as a down payment on your next investment property!
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Get pre-approved for fix & flip or rental financing in 24 hours. Close in as little as 10 days.
- Pre-approval in 24 hours
- Close in 10-14 days
- Get $350 cash at closing
Cash Out Refinance for Real Estate Investors
Cash-out refinancing is a powerful strategy for real estate investors to tap equity and scale their portfolios. It's a core component of the BRRRR strategy.
How Cash Out Refinance Works
- Property is appraised at current value
- New loan is taken at 75-80% of appraised value
- Old loan is paid off
- Difference (minus closing costs) is your cash out
BRRRR Strategy Example
- Buy distressed property for $150,000
- Invest $50,000 in rehab (total: $200,000)
- Property appraises at $280,000 after rehab
- Cash-out refi at 75% = $210,000 new loan
- Pay off original loan, pull out $10,000 profit
- Reinvest in next property - repeat!
Frequently Asked Questions
How much can I cash out refinance on an investment property?▼
Most lenders allow up to 75-80% LTV on investment property cash-out refinances. So if your property is worth $400,000, you could potentially get a loan up to $320,000 (80% LTV). Your cash out is the new loan minus your existing balance.
What are cash out refinance rates for investment properties?▼
Investment property cash-out refinance rates are typically 0.5-1% higher than primary residence rates. Expect rates to be higher than purchase loans. Rates improve with larger down payments and better credit scores.
How does cash out refi work with BRRRR?▼
In BRRRR (Buy, Rehab, Rent, Refinance, Repeat), you cash-out refinance after adding value through rehab. Ideally, the new appraised value lets you pull out all your invested capital, achieving "infinite returns" on that property.
What is the seasoning period for cash out refinance?▼
Most lenders require 6-12 months of ownership before cash-out refinancing. Some DSCR lenders allow shorter seasoning periods. The appraisal will use the lower of purchase price or current value until seasoning is met.
Should I do a cash out refinance or HELOC?▼
Cash out refi gives you a lump sum with fixed payments - good for reinvesting in new properties. HELOC gives flexible access to equity - good for ongoing projects. Consider rates, fees, and your investment timeline.