Buy, refurbish, refinance, repeat. See how much of your cash comes back out, what's left in, and the return on that remaining capital.
Buy & refurbish
£
SDLT, legal, survey, sourcing.
£
£
Refinance
£
%
Interest-only assumed.
% p.a.
Let
£
Management, voids, maintenance — % of rent.
%
Money left in
—
Cash pulled out
—
Monthly cashflow
—
Total cash in—
Refinance loan (75%)—
Annual cashflow—
Return on money left in—
The BRRR test is pulling most of your capital back out. When money left in hits zero, your return on remaining cash is effectively infinite — recycle it into the next deal.