Flip Profit = After-Repair Value (ARV) - Purchase Price - Rehab Costs - Holding Costs - Selling Costs. For a $200,000 purchase, $50,000 rehab, $320,000 ARV: Total costs = $200,000 + $50,000 + $12,000 holding + $25,600 selling = $287,600. Profit = $32,400.
- ARV: What the property is worth after renovation
- Rehab costs: All renovation and repair expenses
- Holding costs: Loan payments, taxes, insurance, utilities during rehab
- Selling costs: Agent commissions (5-6%), closing costs (2-3%)
- Example: $320,000 ARV - $287,600 costs = $32,400 profit
| Cost Category | Amount | % of ARV |
|---|---|---|
| Purchase Price | $200,000 | 62.5% |
| Rehab | $50,000 | 15.6% |
| Holding (6 mo) | $12,000 | 3.8% |
| Selling (8%) | $25,600 | 8.0% |