Fix and Flip Calculator
Estimate a flip’s profit and return on your cash, with the purchase, renovation, loan fees, interest while you hold the property, taxes, insurance and selling costs.
Estimated profit
$82,063
55.5% return on $147,938 of your cash
- Purchase price$500,000
- Renovation$75,000
- Loan fees and closing costs$19,500
- Interest (6 mo)$24,938
- Taxes and insurance while held$3,500
- Selling costs$45,000
- Loan amount
- $475,000
- Loan to ARV
- 63.3%
- Total cost
- $667,938
- Cash needed
- $147,938
Loan
Share of the renovation the loan covers
Interest-only on the full loan. Example rate, not a quote
Percent of the purchase price
Holding and selling
Percent of the ARV
Disclaimer: These calculators are for educational and comparison purposes only. The interest rates and other values shown are hypothetical examples, not current rates, an advertisement of available terms, an offer of credit, a pre-qualification or pre-approval, or a commitment to lend. Payments shown are estimates of principal and interest plus any taxes, insurance, HOA dues and mortgage insurance you enter; they don’t include every cost of a loan, and the annual percentage rate (APR), which reflects the cost of credit including certain fees, may be higher than the interest rate. Your actual rate, APR, payment and terms depend on your credit, income, assets, loan amount, down payment, property type, occupancy, location and other factors, and are subject to underwriting approval. Rates, fees, taxes, insurance and other costs change without notice. VA funding fees are estimated from the U.S. Department of Veterans Affairs’ published schedule and depend on your eligibility; Federal First Lending LLC is not affiliated with or acting on behalf of the VA or any government agency. Rent vs. buy, DSCR and fix & flip results are not a guarantee of rent, property value, profit or return, and are not tax, legal or investment advice. DSCR and fix & flip loans are business-purpose loans for investment properties. Federal First Lending LLC, NMLS #2381991. Equal Housing Opportunity.
Common questions
What is ARV?
After-repair value is what the property should be worth once the renovation is done, usually based on recent sales of similar updated homes nearby.
How is return on cash calculated?
Profit divided by the cash you put in before the sale: the down payment, any renovation the loan doesn’t cover, loan fees, closing costs and carrying costs.
How much can I borrow?
It depends on the program and your experience. Higher leverage, such as 85% or 90% of the purchase price, is usually reserved for experienced investors.