Fix & Flip Proforma
Analyze your flip deal from acquisition through sale
Acquisition
The contract price to acquire the property.
$
Buyer closing costs as a percentage of purchase price. Typically 1.5-3%.
%
Renovation Budget
$
$
$
$
HVAC, plumbing, electrical.
$
$
Buffer for unexpected costs. 10-15% is typical.
%
Total Budget: $55,000
Financing (Hard Money / Bridge Loan)
Percentage of total project cost the lender will finance. Hard money lenders typically go up to 85-90%.
%
Annual interest rate on the hard money loan.
%
Maximum term of the loan in months.
mo
Upfront fee charged by the lender, also called 'points'. 1-3% is typical.
%
Holding Costs
How long you expect to own the property from purchase to sale.
mo
$
$
$
Sale / Exit
Expected sale price after renovations are complete. Base this on comparable sales in the area.
$
Agent commissions, transfer taxes, seller closing costs. Typically 7-10%.
%
Cost Breakdown
Deal Summary
Total Project Cost$225,840
Loan Amount$174,250
Cash Invested (Equity)$51,590
ARV$250,000
Selling Costs$20,000
Net Sale Proceeds$230,000
Net Profit$4,160
ROI8.1%
Annualized ROI16.8%
Profit / Month$693
Risk Check
Break-Even ARV$245,478
Margin of Safety1.8%
Reno % of ARV22.0%
Purchase % of ARV60.0%
The 70% rule suggests your purchase price + renovation should stay under 70% of ARV. Your all-in cost is 82.0% of ARV.