Fix & Flip Calculator
Estimate your potential profit and return on investment for a fix-and-flip project based on purchase price, rehab cost, holding costs, and after-repair value.
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Get a Rate QuoteHow Fix & Flip Financing Works
Fix-and-flip loans, often called hard money loans, are short-term financing built for investors buying, renovating, and reselling a property quickly. Unlike a conventional mortgage, these loans are qualified primarily on the deal itself — the purchase price, rehab budget, and after-repair value — rather than your personal income documentation, and they typically close faster than traditional financing.
Lenders generally look at your total project cost against the after-repair value (ARV), often lending up to 70-75% of ARV depending on your experience and the specific program.
How to Use This Calculator
- After-Repair Value (ARV) — your best estimate of the property's resale value once renovations are complete. Pull comparable sales for the most accurate number.
- Selling Costs — includes agent commissions, closing costs, and any concessions, typically 6-10% of the sale price.
- Cash Invested — your actual out-of-pocket cash, used to calculate ROI. This differs from total project cost if you're using financing for part of the purchase or rehab.
Frequently Asked Questions
How much can I borrow for a fix-and-flip project?
Most hard money and fix-and-flip lenders lend based on a percentage of the after-repair value, commonly 65-75% of ARV, with the exact figure depending on your experience level and the specific lender's guidelines.
Do I need good credit for a fix-and-flip loan?
Credit matters less than it does for a conventional mortgage since these loans are qualified primarily on the deal itself, though most lenders still have a minimum credit threshold and will review your experience with prior projects.
How fast can fix-and-flip financing close?
Hard money and fix-and-flip loans commonly close in 7-14 days, significantly faster than conventional financing, which is often necessary to compete for investment properties.
