Fix & Flip Calculator
Add up purchase, rehab, financing, holding and selling costs against the after-repair value to estimate the net profit and return on a flip.
The deal
Your exit number, before selling costs.
Holding and financing
Per year, pro-rated over the hold.
Per year, pro-rated over the hold.
Illustrative bridge pricing, interest only.
Share of purchase plus rehab.
Commission, title, transfer.
Estimated net profit
$22,519
15.5% on $145,481 of your own money
The after-repair value is an assumption, not an appraisal. Everything on this page moves with it.
The first bar is what you sell for; the negative bars are what it costs to get there; the last bar is what is left. Each is labelled on the axis.
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Every figure you entered is in the address bar, so the link below reopens this page with exactly these numbers.
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A calculator cannot see your credit file, your assets or the property. A loan officer can.
Jeremy personally reviews every request. 60-minute response times during operating hours.
How to use the fix & flip calculator
Enter the purchase price, rehab budget and expected after-repair value (ARV).
Set the down payment or loan-to-purchase, the interest rate and the origination fee.
Add closing costs, property taxes, insurance and how many months you expect to hold the property.
Enter the cost to sell at the end.
Read the carrying costs, cash in the deal, estimated net profit and return on cash.
Terms used in this calculator
- After-repair value (ARV)
- What the property is expected to be worth once the renovation is finished, based on comparable recent sales.
- Rehab budget
- The planned cost of the renovation, including labour, materials, permits and a contingency for surprises.
- Carrying costs
- Costs of holding the property while you renovate and sell: loan interest, taxes, insurance and utilities.
- Fix-and-flip loan
- Short-term financing to buy and renovate a property for resale, usually interest-only, with the rehab budget often paid out in draws.
- Rehab draw
- A release of renovation funds from the lender after a stage of work is completed and inspected.
- Origination fee
- An upfront lender fee for making the loan, often shown as points (a percentage of the loan).In the glossary : Origination fee
- Return on cash
- Net profit divided by the cash you put into the deal, which shows how hard your money worked.
Frequently asked questions
It is a rule of thumb some investors use: pay no more than about 70% of the after-repair value, minus the rehab cost. It leaves room for financing, holding and selling costs and profit, but it is a guideline, not a lender requirement.
Fix-and-flip lenders usually lend a share of the purchase price and the rehab budget, capped at a share of the after-repair value. Your experience, credit and the deal itself affect the terms.
Every extra month adds interest, taxes, insurance and utilities. A project that runs long can eat a large part of the profit, so test a longer hold here to see how much cushion you have.
Base it on recent sales of similar, renovated homes nearby rather than list prices. A conservative ARV protects you if the market softens before you sell.
Rehab overruns, longer holding periods and the cost to sell are the usual surprises. Building a contingency into the rehab budget gives the deal room to absorb them.
Yes. Jeremy can compare fix-and-flip and bridge lenders for your project. The results here are estimates; the real terms depend on the property, the plan and your experience.
More questions? See the full FAQ or request a personalized quote.