What is Fix and Flip?
Flipping profit lives in the spread between your all-in cost and the resale price — after every cost most beginners forget. This calculator adds up purchase, rehab, holding, financing, and selling costs, then shows your net profit and return on cost.
The costs that quietly kill flips aren't the rehab — they're holding, financing, and selling costs. This lays them all out so your profit number is honest.
Formula
Net profit = Resale price − (purchase + rehab + holding costs + financing + selling costs). Return on cost = Net profit ÷ total all-in cost.
How to read it
- Return on cost (profit ÷ all-in cost) lets you compare flips of different sizes on the same footing.
- Selling costs (agent commissions, closing, concessions) commonly run 7–9% of the sale price — don't skip them.
- Longer holds cost more in interest, taxes, insurance, and utilities — time is a real expense in a flip.
Frequently asked questions
- What profit should I target on a flip?
- Many flippers aim for a $25k+ net or a double-digit return on cost, scaling with the project's size and risk. The 70% rule is a quick way to back into a max purchase price that leaves room for it.
- What costs do flippers forget?
- Holding costs (taxes, insurance, utilities, loan interest while you own it) and selling costs (commissions, closing, concessions). Together they can erase a rehab-only profit estimate.