Buy Repair Rent Refinance

BRRR Calculator application  is used when deciding to invest in rental real estate. The main distinction of the application from other similar is that the investment decision is taken on the basis of income, the investment will bring, not the price demanded by the seller.
To calculate investment property return provide Monthly Rent - rental income, Property Taxes per year, Property Insurance per year, Annual Repairs - a percentage of annual income (e.g. 5%), Vacancy - estimated number of weeks property is not occupied by tenants (e.g. 2 weeks). Based on these data are calculated Total Annual Income and Total Annual Expenses. Offer Price that make sense to buy this property is calculated as Net Operating Income (NOI) which is equal to Total Annual Income minus Total Annual Expenses divided by Cap Rate - a selected value around 8% or more. The offer price is reduced by the initial cost – Start Up Expenses of restoring the property rental condition. Entering a percentage what part of that price is a loan