(Updated April 2025)

House flipping is an exciting avenue for real estate investing, but it comes with its fair share of challenges, from tracking repair costs to managing multiple project tasks. If you’re estimating rehab costs, calculating the purchase price or maximum purchase price, or keeping your expense tracker updated, then this all-in-one solution is designed to make your rehab project run smoothly. With features suited for Excel, XLS, or Google Sheets, the spreadsheet helps you accurately estimate repair costs, organize your cost database, and collaborate seamlessly with business partners. Perfect for flipping houses, it simplifies processes and ensures no detail is overlooked, empowering you to handle every step of your investment with confidence and clarity.

I like having the numbers right in front of me. That’s why I created and am now sharing this free online calculator and downloadable Excel spreadsheet to make calculating ROI on house flipping easy. I enjoy watching house flipping TV shows and seeing how they handle fix and flip projects. I also work hard to stay updated on real estate investment trends. This spreadsheet will help you make smart decisions and see all the details clearly.

Key Considerations for Flipping Houses

This table is a general framework to guide your house flipping decisions, but feel free to adjust it based on your specific flip deal, lender terms, and experience level. Consider the following factors when using this guide.

ROI and Time Frame

A 20% ROI in 3 months is better than the same ROI over a year. Time directly impacts your holding costs like property taxes, property insurance, and loan interest.

Financing

Getting a hard money loan with a lower interest rate or calculating the total loan amount effectively can significantly impact your net profit and ROI.

Hidden Costs

Be mindful of fees from title insurance, marketing costs, and any unexpected repair costs. These expenses can eat into your final ROI.

For every flip deal, tracking all expenses like the total cost, repair costs, and miscellaneous costs is critical. Using tools like a house flip calculator Excel sheet or a rental property calculator can help you determine the maximum purchase price and stay on top of your investment performance. With smart planning and careful management of your investment properties, you can optimize your ROI and grow as a real estate investor.

Online House Flipping ROI Calculator

Purchase Details

Purchase Price ($):

Closing Costs ($):

Renovation Costs

Repair Costs ($):

Miscellaneous Costs ($):

Holding Costs

Property Taxes ($):

Property Insurance ($):

Utilities ($):

Loan Interest ($):

Miscellaneous Costs ($):

Selling Costs

Agent Fees ($):

Title Insurance ($):

Marketing Costs ($):

Miscellaneous Costs ($):

Financial Summary

After Repair Value (ARV) ($):

Calculate ROI

This calculator provides estimated ROI figures and should not be relied upon as financial advice. Use it for informational purposes only. Always consult a professional for personalized investment guidance.

Sample (Tab 1) – Estimate Repair Costs

Flipping houses can be a profitable venture, but managing the many moving parts can quickly become overwhelming. That’s why we’re offering a free download of our House Flipping Spreadsheet, a powerful tool designed to simplify your rehab property projects. Whether you’re working in Microsoft Excel or Google Sheets, this spreadsheet is packed with features to save you countless hours and keep your projects on track. It includes tabs for repair cost estimation, purchase price and profitability analysis, and a project tracker to manage all your tasks seamlessly.

You’ll find tools like a repair estimator to calculate unit prices and total costs, an expense tracking system, and detailed reports that break down your numbers. Thanks to its built-in financial modeling and planning tools, you can easily determine budgets, analyze deals, manage cash flow, and even collaborate with investors or your team of developers. This isn’t just another program – it’s a great tool tailored for house flippers who want to take control.

Repair Item	Details
Demolition	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Framing	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Plumbing	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Electrical	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Flooring	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Painting	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Roofing	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Windows/Doors	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Kitchen Remodel	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Bathroom Remodel	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Landscaping	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Miscellaneous Repairs	Unit Price ($): 0 Quantity: 0 Total Cost ($): 0
Total	Total Cost ($): 0

Purchase Price and Profitability Tab 2

After Repair Value (ARV)

• The estimated market value of the property after all repairs are completed.
• Example Input: $300,000.

Rehab Costs

• The total cost of repairs and renovations.
• Example Input: $50,000.

Other Costs

• Additional costs such as closing costs, holding costs, etc.
• Example Input: $20,000.

Desired Profit Margin (%)

• The percentage of profit you want to make on the deal.
• Example Input: 20% (0.20).

Maximum Purchase Price

• The highest price you should pay for the property to meet your profit goals.
• Example Formula: $300,000 – $50,000 – $20,000 – ($300,000 × 0.20).
• Example Output: $170,000.

Actual Purchase Price

• The price you are paying or considering paying for the estimated value of the property.
• Example Input: $100,000.

Profit from Deal

• The actual profit you will make based on the purchase price and costs.
• Example Formula: $300,000 – $50,000 – $20,000 – $100,000.
• Example Output: $130,000.

Profitability Check

• Indicates whether the deal meets your desired profit margin.
• Example Formula: If Profit from Deal ≥ ($300,000 × 0.20), the result is “Profitable.”
• Example Output: Profitable.

Project Tracker Tab 3

Task Tracker

• Task Name
  • Clearly identify the task (e.g., painting, plumbing, etc.).
  • Example Task: Demolition.
• Assigned To
  • Name of the person responsible for completing the task.
  • Example Input: John Doe.
• Start Date
  • The date work on the task should begin.
  • Example Input: 10/01/2023.
• Due Date
  • The deadline for completing the task.
  • Example Input: 10/05/2023.
• Status
  • Current state of the task. Options include Not Started, In Progress, Completed, or Delayed.
  • Example Input: Completed.
• Notes
  • Additional details or updates about the task.
  • Example Input: Finished on time.

Progress Summary

• Total Tasks
  • Total number of tasks in the project.
  • Example Metric: 26.
• Completed Tasks
  • Number of tasks marked as completed.
  • Example Metric: 1.
• Percentage Completed
  • The percentage of project tasks completed so far.
  • Example Formula: (Completed Tasks ÷ Total Tasks) × 100.
  • Example Result: 3.85%.

How to Use the Project Tracker Effectively

• Update Regularly
  • Ensure team members update task statuses, notes, and timelines as tasks progress.
• Monitor Deadlines
  • Regularly check the Due Date column to identify upcoming deadlines and delays.
• Identify Bottlenecks
  • Use the Notes and Status columns to track issues causing delays.
• Project Health at a Glance
  • Review the Progress Summary section to quickly understand overall progress and make timely adjustments.

How to Use the Project Tracker Effectively

• Update Regularly – Ensure team members update task statuses, notes, and timelines as tasks progress.
• Monitor Deadlines – Regularly check the Due Date column to identify upcoming deadlines and delays.
• Identify Bottlenecks – Use the Notes and Status columns to track issues causing delays.
• Project Health at a Glance – This gives you an immediate understanding of how far along the project is and helps in making timely adjustments.

With a focus on streamlined processes, the spreadsheet helps you effortlessly handle planning, financing, and project tracking, all while leaving room for future updates to grow with your needs. If you’re ready to cut through the complexity, save time, and make smarter decisions in your flipping projects, download this free tool today and take the first step toward simplifying your house flipping workflow.

Disclaimer

Please note that real estate transactions involve many variables, and the accuracy of results depends on the data provided. Before making any investment decisions, we strongly recommend consulting with licensed professionals, including financial advisors, real estate agents, attorneys, and tax consultants, to receive personalized advice tailored to your unique situation.

This spreadsheet is provided as a framework for informational purposes only and is not intended to serve as official investment advice. The calculations, data, and suggested ranges are general guidelines intended to assist with basic analysis in house flipping and related real estate investments. In using this spreadsheet, you acknowledge that it is intended for informational purposes only and does not constitute official investment advice.

Have fun playing around with it! If anything else, it’ll help train your brain by visualizing the numbers.

Check Back for Updates to this Excel Spreadsheet Calculator

This Excel calculator is designed to make house flipping easier by helping you figure out purchase price, closing costs, property details, fees, and other expenses. We’re always improving it to add new features and make it even more helpful. Be sure to check back often to get the latest version and keep making smart decisions for your investments.

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