House Flipping Calculator

If you will be borrowing funds for this project, enter the principal amount here in order to include financing costs in the calculations. Otherwise enter 0 or leave blank.

Enter the annual interest rate charged for the loan. Hard money loans typically have higher interest rates than standard residential mortgages and often range from 8% to 18% per year.

Points are fees charged by the lender equal to 1% of the loan amount, typically 2 to 5 for hard money loans.

If you pay a finders fee or commission on the purchase, enter the dollar amount here to include it in the acquisition cost.

Enter the cost of any inspections you plan to order (general home inspections, roof inspection, termite inspection, etc.) to include that amount in the acquisition cost.

Typical closing fees for a buyer are between 2% and 5% of the purchase price but could be much less in all-cash transactions.

If you'd like to override the estimate provided by the Repair Estimator, enter it here, otherwise leave this cell empty.

Enter a percentage of the repair estimate to budget as a contingency for extra, unanticipated expenses.

Enter the number of months of anticipated rehab work, including planning and permitting, if necessary.

Enter the number of months you anticipate it will take to list the property and close escrow.

Property taxes are estimated based upon a percentage of the purchase price, typically 0.5% to 3%.

Enter the amount you anticipate spending for utilities each month, including water, electricity, gas, and garbage.

Enter the amount of monthly HOA dues or other costs associated with the property.

Enter the amount you believe you will sell the property for at the completion of the project. This is the after repair value, or ARV.

Enter the percentage commission charged by the agent(s) involved in the sale of the property. Generally, a listing agent works for the seller / owner while the selling agent represents the new buyer. The total commission in most transactions is 5% to 6% split evenly between the two agents.

Enter any amount you anticipate spending to stage the property for sale, typically $2,500 to $5,000 depending on the number of rooms to be staged.

Enter the percentage commission charged by the agent(s) involved in the sale of the property. Generally, a listing agent works for the seller / owner while the selling agent represents the new buyer.

Typical closing costs for a seller are 1% to 3% of the sales price, but could be higher in many areas.

If there are other costs associated with the sale of the property, enter the total amount here.

The 70% rule is a way to help determine the maximum price to pay for a fix-and-flip property. It states that an investor should pay no more than 70% of the After Repair Value (ARV) of a property minus the repair costs.