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Buy. Rehab. Rent. Refinance. Repeat. Analyze cash-out refinancing scenarios for Canadian real estate investments.

🌍Market Settings

Country

🍁 Canada (Semi-annual compounding)🇺🇸 United States (Monthly compounding)

Canadian mortgages use semi-annual compounding by law

Property Price

Down Payment

Investment loans typically require at least 20% down

Closing Costs* + Carrying Costs

*Original Loan

Cost of Rehab

After Rehab Value (ARV)

Monthly Rent

Insurance and Taxes (% of ARV)

Insurance and taxes vary based on location

Vacancy Rate (%)

Maintenance Rate (%)

Interest Rate (%)

If you are using an ARM, use the initial fixed rate. Just be aware cash flow will change once the rate adjusts.

Loan Length (Years)

Loan to Value Ratio (%)

Most banks will not lend over 75% of the property value in a cash-out refinance.

Refinance Closing Costs ($ Amount)

Cash Invested$20,962.50

Monthly Cash Flow-$782.65

Factored in are 1.5% insurance/taxes (of ARV), 5% vacancy, and 10% maintenance (of rent)

Cash Invested$135,000.00

Monthly Cash Flow-$14.88

Factored in are 1.5% insurance/taxes (of ARV), 5% vacancy, and 10% maintenance (of rent)

Total Cash Invested (Initial)$135,000.00

Refinance Loan Amount$440,000.00

Cash Out Amount$120,000.00

Refinance Closing Costs-$5,962.50

Net Cash Position$20,962.50

Monthly Mortgage Payment$2,815.15

•Aim for 70-80% LTV on refinance to maximize cash out

•Factor in 6-month seasoning period for refinancing

•Target properties 20-30% below market value

•Ensure positive cash flow after refinance

Key Success Factor: Buy right and renovate efficiently to maximize ARV while minimizing costs.