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House Flip Calculator
Estimate the gross profit on a house flip from the purchase price, repairs and sale price.
How this calculator works
The calculator subtracts the purchase price and the repair cost from the sale price to give gross profit. It does not include closing costs, agent commissions, loan interest, insurance, utilities or property tax while you hold the house. Those can take a large share of the profit, so build in a cushion.
Example
You buy for $220,000, spend $45,000 on repairs and sell for $340,000. The calculator shows: Profit: $75,000.00. That is before holding costs and selling fees.
Tips
- Many investors work backward from the expected sale price and leave room for repairs, fees and a profit target before they make an offer.
- Add 10 to 20 percent to your repair estimate. Surprises behind walls are common.
- Count every month you hold the house. Loan interest, taxes and insurance add up quickly if the sale takes longer than planned.
Common questions
What should be included in repair costs?
Materials, labor, permits, dumpsters, and a contingency for surprises. Cosmetic updates and structural repairs have very different budgets.
Is the profit shown before taxes?
Yes, it is before income tax, selling costs and holding costs, so your real take-home will be lower.
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Results are estimates only. See our disclaimer.