House Flip Calculator Excel Free

House Flip Profit & ROI Calculator

Use this calculator to estimate the potential profit and return on investment (ROI) for your next house flipping project. Accurate budgeting is crucial for success in real estate investing.

House Purchase Price ($):
Renovation Budget ($):
Estimated Selling Price ($):
Purchase Closing Costs (% of Purchase Price):
Sale Closing Costs (% of Selling Price):
Monthly Holding Costs ($):
Holding Period (Months):
Contingency Fund (% of Renovation Budget):

function calculateHouseFlip() { var purchasePrice = parseFloat(document.getElementById('purchasePrice').value); var renovationBudget = parseFloat(document.getElementById('renovationBudget').value); var estimatedSellingPrice = parseFloat(document.getElementById('estimatedSellingPrice').value); var purchaseClosingCostsPercent = parseFloat(document.getElementById('purchaseClosingCosts').value); var saleClosingCostsPercent = parseFloat(document.getElementById('saleClosingCosts').value); var holdingCostsPerMonth = parseFloat(document.getElementById('holdingCostsPerMonth').value); var holdingPeriodMonths = parseFloat(document.getElementById('holdingPeriodMonths').value); var contingencyFundPercent = parseFloat(document.getElementById('contingencyFund').value); if (isNaN(purchasePrice) || isNaN(renovationBudget) || isNaN(estimatedSellingPrice) || isNaN(purchaseClosingCostsPercent) || isNaN(saleClosingCostsPercent) || isNaN(holdingCostsPerMonth) || isNaN(holdingPeriodMonths) || isNaN(contingencyFundPercent)) { document.getElementById('result').innerHTML = 'Please enter valid numbers for all fields.'; return; } // Calculate Purchase Costs var actualPurchaseClosingCosts = purchasePrice * (purchaseClosingCostsPercent / 100); var totalPurchaseCosts = purchasePrice + actualPurchaseClosingCosts; // Calculate Renovation Costs var contingencyAmount = renovationBudget * (contingencyFundPercent / 100); var totalRenovationCosts = renovationBudget + contingencyAmount; // Calculate Holding Costs var totalHoldingCosts = holdingCostsPerMonth * holdingPeriodMonths; // Calculate Selling Costs var totalSellingCosts = estimatedSellingPrice * (saleClosingCostsPercent / 100); // Calculate Total Project Costs var totalProjectCosts = totalPurchaseCosts + totalRenovationCosts + totalHoldingCosts + totalSellingCosts; // Calculate Gross Profit var grossProfit = estimatedSellingPrice – totalProjectCosts; // Calculate Net Profit (assuming gross profit is net profit for simplicity in this context) var netProfit = grossProfit; // Calculate ROI var roi = (netProfit / totalProjectCosts) * 100; var resultsHtml = '

Calculation Results:

'; resultsHtml += 'Total Purchase Costs: $' + totalPurchaseCosts.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + "; resultsHtml += 'Total Renovation Costs (incl. Contingency): $' + totalRenovationCosts.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + "; resultsHtml += 'Total Holding Costs: $' + totalHoldingCosts.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + "; resultsHtml += 'Total Selling Costs: $' + totalSellingCosts.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + "; resultsHtml += '

'; resultsHtml += 'Total Project Investment: $' + totalProjectCosts.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + "; resultsHtml += 'Estimated Gross Profit: $' + grossProfit.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + "; resultsHtml += 'Estimated Net Profit: $' + netProfit.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + "; resultsHtml += 'Estimated Return on Investment (ROI): ' + roi.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }) + '%'; document.getElementById('result').innerHTML = resultsHtml; } .house-flip-calculator-container { font-family: Arial, sans-serif; max-width: 600px; margin: 20px auto; padding: 20px; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; } .house-flip-calculator-container h2 { text-align: center; color: #333; margin-bottom: 20px; } .house-flip-calculator-container p { margin-bottom: 15px; line-height: 1.6; } .calculator-inputs label { display: block; margin-bottom: 5px; font-weight: bold; color: #555; } .calculator-inputs input[type="number"] { width: calc(100% – 22px); padding: 10px; margin-bottom: 15px; border: 1px solid #ccc; border-radius: 4px; box-sizing: border-box; } .calculator-inputs button { display: block; width: 100%; padding: 12px 20px; background-color: #007bff; color: white; border: none; border-radius: 4px; font-size: 18px; cursor: pointer; transition: background-color 0.3s ease; margin-top: 20px; } .calculator-inputs button:hover { background-color: #0056b3; } .calculator-results { margin-top: 30px; padding: 15px; border: 1px solid #e0e0e0; border-radius: 4px; background-color: #e9ecef; } .calculator-results h3 { color: #333; margin-top: 0; border-bottom: 1px solid #ccc; padding-bottom: 10px; margin-bottom: 15px; } .calculator-results p { margin-bottom: 8px; color: #333; } .calculator-results p strong { color: #000; } .calculator-results hr { border: 0; height: 1px; background: #ccc; margin: 15px 0; }

Understanding Your House Flip Calculations

House flipping involves purchasing a property, renovating it, and then selling it for a profit. Success hinges on meticulous planning and accurate financial projections. This calculator helps you break down the key financial components of a flip.

Key Components Explained:

House Purchase Price: This is the initial cost of acquiring the property. It's the foundation of all your calculations.
Renovation Budget: The estimated cost to repair, upgrade, and improve the property to increase its market value. Be realistic and thorough in your assessment.
Estimated Selling Price: Your target price for selling the renovated property. This should be based on comparable sales (comps) in the area after renovations are complete.
Purchase Closing Costs: Expenses incurred when buying the property, typically including legal fees, title insurance, appraisal fees, and sometimes loan origination fees (even if cash, there are still closing costs). This is often a percentage of the purchase price.
Sale Closing Costs: Expenses incurred when selling the property. This commonly includes real estate agent commissions, seller-paid closing costs, title fees, and transfer taxes. This is usually a significant percentage of the selling price.
Monthly Holding Costs: Ongoing expenses while you own the property, including property taxes, insurance, utilities, HOA fees (if applicable), and loan interest (if financed). These costs accumulate over time.
Holding Period (Months): The estimated duration from purchase to sale. A longer holding period means higher accumulated holding costs.
Contingency Fund: An essential buffer, typically 5-15% of the renovation budget, to cover unexpected repairs or cost overruns during the renovation phase. Ignoring this can quickly erode profits.

Calculating Profit and ROI:

The calculator aggregates all these costs to determine your total investment. It then subtracts this total investment from your estimated selling price to arrive at the Gross Profit. The Net Profit is essentially the same in this simplified model, representing the money left after all expenses.

Return on Investment (ROI) is a critical metric, showing the profitability of your flip relative to the total capital invested. It's calculated as (Net Profit / Total Project Investment) * 100. A higher ROI indicates a more efficient and profitable use of your capital.

Example Scenario:

Let's consider a house flip with the following details:

House Purchase Price: $250,000
Renovation Budget: $50,000
Estimated Selling Price: $350,000
Purchase Closing Costs: 2% ($5,000)
Sale Closing Costs: 8% ($28,000)
Monthly Holding Costs: $1,000
Holding Period: 6 Months ($6,000 total)
Contingency Fund: 10% of Renovation Budget ($5,000)

Total Project Investment: $250,000 (Purchase) + $5,000 (Purchase Costs) + $50,000 (Renovation) + $5,000 (Contingency) + $6,000 (Holding) + $28,000 (Selling Costs) = $344,000

Estimated Gross Profit: $350,000 (Selling Price) – $344,000 (Total Investment) = $6,000

Estimated ROI: ($6,000 / $344,000) * 100 = 1.74%

As you can see from this example, even with a seemingly good spread between purchase and sale price, various costs can significantly impact your final profit and ROI. This highlights the importance of detailed financial planning before committing to a house flip.