Fix & flip calculator

Put your next deal to the test. Free to use and share.

USD · Estimates before tax

Assumptions & results

Work backward from your sale price to understand project profit.

Calculation method & assumptions

Project profit is sale proceeds less purchase, renovation, financing, holding, and selling costs. Project return divides profit by cash required through sale; it is not annualized. Estimates exclude income taxes, appreciation, and changes in rates or revenue.

Purchase & setup

Purchase price

Purchase closing costs

Repairs & renovation

Acquisition financing

Interest-only acquisition loan; renovation and costs paid in cash.

Down payment

Annual interest rate

Months until sale

Other holding costs / month

Taxes, insurance, utilities, and other costs before sale or refinance. No rental income assumed during this period.

Sale assumptions

Expected sale price

Selling costs

Agent commissions and other costs, as a percentage of the sale price.

Your deal at a glance

Updates as you type

Purchase performance

Estimated project profit

$32,900 After purchase, renovation, holding, and sale costs

Cash-on-cash return: 31.18%
Expected sale price: $360,000
Break-even sale price: $325,000
Profit margin: 9.14%

Cash to close

Down payment: $50,000
Purchase closing costs: $5,000
Cash to close: $55,000
Repairs & renovation: $40,000
Total initial investment: $95,000
Cash required through sale: $105,500

Cash to close covers your purchase contribution and closing fees. Setup and renovation add to the initial investment.

Project costs

Full project

Purchase price: $250,000
Purchase closing costs: $5,000
Repairs & renovation: $40,000
Interest through sale: $7,500
Other holding costs: $3,000
Selling costs: $21,600
Total project costs: $327,100

Includes acquisition, renovation, holding, and sale costs. Loan principal is financing, not an additional project cost.

How this estimate works

Return covers the full project, not an annualized period. Acquisition debt finances the purchase only; loan points must be included in purchase closing costs.

Profit is before income taxes. Renovation overruns and price changes are not included.