What is a good profit on a fix and flip?

Experienced sponsors often target $20K–$40K net on sub-$300K ARV deals in Midwest and Southeast markets after 8% sale costs and hard money carry. Thin spreads under $12K may warrant a BRRRR hold instead.

What costs does this calculator include?

Purchase, rehab, estimated cash to close, interest-only hard money carry, insurance/utilities during hold, and sale costs as a percent of ARV. It does not include unexpected change orders or extended DOM beyond your hold input.

How does LTC affect flip profit?

Higher loan-to-cost reduces cash in but increases interest carry. At 11% IO, each extra month on a $200K balance costs roughly $1,833 — model hold time honestly.

When should I pivot from flip to BRRRR?

When net flip profit falls below your minimum spread but stabilized rent supports DSCR at 70%–75% LTV. Use our DSCR calculator on the projected rent after rehab.

Fix and Flip Profit Calculator for Real Estate Investors

This fix and flip calculator estimates net profit on a residential flip: purchase + rehab + carry + sale costs against your projected after-repair value (ARV). Pair results with our DSCR calculator if the deal pivots to a hold.

Fix and flip profit calculator

Estimate net spread on a flip — purchase, rehab, hard money carry, and resale costs. Educational only.

Acquisition & rehab Purchase price ($) Rehab budget ($) After-repair value / ARV ($) Hard money LTC (% of purchase + rehab)

Carry & exit Interest rate (% annual, IO) Hold period (months) Sale costs (% of ARV — agent, title, transfer) Monthly insurance + utilities ($)

All-in cost

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Net profit

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ROI on cash

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Spread verdict

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Fix and flip profit formula

Net profit ≈ ARV − sale costs − loan payoff − cash invested − carry

All-in project cost — purchase + rehab
Hard money loan — typically 85%–90% LTC interest-only
Carry — monthly IO + insurance, utilities, taxes during hold
Sale costs — often 7%–9% of ARV (agent, title, transfer, staging)

Worked example: Indianapolis ranch flip

Line item	Amount
Purchase	$148,000
Rehab	$41,000
Hard money 90% LTC @ 10.5% IO, 4.5 mo	~$6,900 carry
ARV sale	$232,000
Sale costs 8%	−$18,560
Net profit (approx.)	~$26,500

Metro context: Indianapolis hard money · Fountain Square funded BRRRR · Fix and flip loans Indiana

State fix-and-flip programs

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Calculator outputs are educational estimates only. Rates, terms and conditions offered only to qualified borrowers and are subject to change without notice. Jaken Finance Group only finances non-owner occupied investment properties.