House Flipping Calculator
How much does flipping a house cost? How much money do I need to start flipping houses?
Do you know the answers to these questions? The best thing you can do to prepare for your next project is to understand your house flipping cost breakdown. You need to account for all of the costs during the project, not just the cost of the house and the flip. With a full understanding of the costs, you can more easily calculate your anticipated profit and identify challenges before they come up.
Use our house flipping calculator below to calculate a cost breakdown for your next project.
How much you pay for a property. For single family and multi-family homes, the purchase price includes the property itself and the land the property is on.
Costs associated with renovating the property.
Rehab costs should include both cost of materials and labor.
The interest rate associated with borrowing money to fix and flip a property.
Anticipated Length of Project
The number of months you anticipate your house flip to take until complete.
The amount of money you need to borrow from a lender to renovate the property.
Monthly Interest Payment
The amount you’ll pay in interest on your loan per month.
Monthly Property Taxes
The portion of the annual or semi-annual property taxes that accrue each month.
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
Utility expenses like water, electric, gas, and oil, due monthly.
Other Monthly Expenses
Any other recurring monthly expenses you expect to incur throughout the project.
Cost of Sale
All of the fees associated with selling your rehabbed property, including realtor fees, marketing costs, closing costs, etc.