House Flipping Calculator | Free Fix and Flip Simple Calculation
To best equip yourself for yourself for flipping homes, it’s crucial to a use a flip calculator the breakdown of costs involved in flipping a fixer upper house. It’s essential to consider all flip expenses throughout the project, not just the acquisition and flipping costs. By gaining a full understanding of the flip costs involved in a real estate flip property, you can utilize our house flipping calculator instead of spreadsheets to determine your After Repair Value (ARV) and expected flipping profit. The fix and flip calculator will give you a clear understanding of the terms of your flips hard money loan and enable you to identify potential challenges when flipping property.
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Use Airdeed Homes free house flipping calculator below to calculate a cost breakdown for your next fix and flip house project.
Real Estate Flip Calculator
House Flip Calculator Definitions
Flipping Purchase Price: How much you pay for a property. For single family and multi-family house, the purchase price includes the flipping property itself and the land the property is on.
Rehab Cost: Costs associated with renovating the flipping property. Rehab costs should include both cost of materials and labor.
Interest Rate (%): The interest rate associated with borrowing money to fix and flip a property.
Anticipated Length of Project (months): The number of months you anticipate your house flip to take until complete, also known as turnaround time.
Loan Amount: The amount of money you need to borrow from a lender to renovate the flipping property.
Monthly Interest Payment: The amount you’ll pay in interest on your loan per month when flipping houses.
Monthly Property Taxes: The portion of the annual or semi-annual property taxes that accrue each month when flipping houses.
Monthly Insurance: The amount of property insurance due monthly. Note: House flippers typically need an unoccupied property insurance policy, which is different than a homeowner’s policy.
Monthly Utility Bills: House utility expenses like water, electric, gas, and oil, due monthly when flipping houses.
Other Monthly Expenses: Any other recurring monthly expenses you expect to incur throughout the house flipping project.
Cost of Sale: All of the fees associated with selling your rehabbed house, including realtor fees, marketing costs, closing costs, etc.
After Repair Value: estimated value of a property calculated after all necessary repairs and renovations have been completed by the buyer
Property Flipping Calculator: a house flipping calculator calculates the potential house flipping net profit using user inputs
Net Profit: the amount of money earned after subtracting the house purchase price, renovation costs, and selling expenses from the final sale price.
Fix and Flip Loan: a type of short-term loan used by real estate investors to purchase, renovate, and sell a house for profit.
Title insurance: is a form of insurance that protects homeowners and lenders against financial loss due to defects in a property’s title.
Hard Money Loans: a type of short-term financing typically used in real estate house transactions, where the mortgage loans are secured by the value of the property rather than the borrower’s creditworthiness.
Home Sale Proceeds Calculator: A homes sale proceeds calculator is a tool that helps estimate the amount of money a homeowner will receive after selling their house, taking into account various costs and fees.Use this calculator with our house flipping calculator.
Fix And Flip Calculator Frequently Asked Questions
How much does it cost to flip property?
The cost of flipping a property can vary greatly depending on factors such as location, condition of the property, real estate investors experience and desired renovations, but it typically ranges from tens of thousands to hundreds of thousands of dollars. Best to gather expenses and use our house flipping calculator.
What does the house flipping calculator do?
A house flipping calculator helps real estate investors estimate return on equity and potential profits by calculating expenses, purchase price, renovation costs, and potential sale price of a property.
Are mortgage rates higher for house flipping (fix and flip loan)?
Fix and flip loan mortgage rates for house flipping generally tend to be higher due to the increased risk associated with short-term real estate investments. These are called hard money loans for real estate investors. Also consider credit card usage or home equity loans to finance a rehab flip.
What is the average net profit on flipping a house?
The average net profit for real estate investors on flipping a house can vary significantly depending on various factors such as location, hard money loan interest rate, market conditions, hidden costs, home staging, cost of money, renovation costs, selling strategy (FSBO) and individual investment strategies. Best to gather expenses and use our house flipping calculator.
What hard money lenders make loans on flip homes?
Check out our partner hard money lenders for real estate investors
Flip Property Calculator Output Examples:
Flip Calculator Output
Property Rehab Cost: $175000.00
Property Monthly Expenses: $475.00
Total Property Cost: $180475.00
Property Interest Paid: $5500.00
House Flipping Net Profit: $64025.00
Flip Calculator Output
Property Rehab Cost: $275000.00
Property Monthly Expenses: $600.00
Total Property Cost: $280600.00
Property Interest Paid: $8250.00
House Flipping Net Profit: $36150.00
Flip Calculator Output
Property Rehab Cost: $250000.00
Property Monthly Expenses: $1100.00
Total Property Cost: $263600.00
Property Interest Paid: $13750.00
House Flipping Net Profit: $22650.00