Model the full Buy-Rehab-Rent-Refinance-Repeat cycle: total acquisition, ARV, cash-out refi proceeds, and the cash flow on the stabilized rental.
Typical investor cash-out cap is 75%
Year-by-year cash flow, equity, and total return.
Cap rate, cash-on-cash, and total return on a rental.
Debt service coverage ratio for investment loans.
Aggregate value, debt, equity, and DSCR across rentals.