(Updated April 2025)

I find that house flipping is an exciting avenue for those interested in real estate investing. It comes with its fair share of obstacles to overcome though. Things like tracking repair costs and managing multiple project tasks. This spreadsheet can help you if you’re estimating rehab costs, calculating the purchase price, finding the maximum purchase price, or keeping your expense tracker updated. I think you’ll find that this all-in-one solution very helpful in making 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. This is perfect for flipping houses. It simplifies processes and helps make sure that no detail is overlooked. This enables 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.

Predict Your ROI and Timelines

It’s good to know that a 20% ROI in 3 months is preferable to the same ROI over 12 months. We all know that time directly impacts your holding costs. Things like property taxes, property insurance, and loan interest all play a part.

Learn About Financing

You’ll want to learn about the different financing options available to you. There are many ways to finance a project. Things like 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.

Know your Hidden Costs

You’ll want to be mindful of all the fees from title insurance, marketing costs, and any unexpected repair costs. These expenses can really eat into your final ROI. You’ll find a spot on the spreadsheet where you can track this.

I think for every flip deal, tracking all expenses like the total cost, repair costs, and miscellaneous costs is of the utmost importance. Those are easy to lose track of when work gets busier. Learn how to use tools like a house flip calculator, Excel sheet, or a rental property calculator will help you identify and determine the maximum purchase price. This will help you 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

I know that flipping houses can be a profitable venture, and managing the many moving parts can quickly make the whole process seem not worth it. I think this free download of our House Flipping Spreadsheet helps alleviate that feeling. It is a powerful spreadsheet that is designed to simplify your rehab property projects. I made it useful when 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 other 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. It’s a great worksheet for house flippers who want a free document and 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)

• This is known as the estimated market value of the property after all repairs are completed.
• Example Input, $300,000.

Rehab Costs

• Think of this as the total cost of repairs and renovations.
• Example Input, $50,000.

Other Costs

• This is where you track any additional costs such as closing costs, holding costs, etc.
• Example Input, $20,000.

Desired Profit Margin (%)

• This is the percentage of profit you want to make on the deal.
• Example Input, 20% (0.20).

Maximum Purchase Price

• This is the highest price you should ideally pay for the property to meet the profit goal you set out for.
• Example Formula, $300,000 – $50,000 – $20,000 – ($300,000 × 0.20).
• Example Output, $170,000.

Actual Purchase Price

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

Profit from Deal

• This is the actual profit you will make based on the purchase price as well as the costs.
• Example Formula, $300,000 – $50,000 – $20,000 – $100,000.
• Example Output, $130,000.

Profitability Check

• This 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
  • This is where you can clearly identify the task (e.g., painting, plumbing, etc.).
  • Example Task, Demolition
• Assigned To
  • You can input the name of the person responsible for completing the task.
  • Example Input, John Doe
• Start Date
  • This is where the date work on the task should begin
  • Example Input: 10/01/2023
• Due Date
  • This is the proposed 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

• Update Regularly
  • Know to check in on team members and 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.

The spreadsheet helps you handle planning, financing, and project tracking. We make sure to include a space to leave room for future updates to grow with your needs. I love it because it can help you cut through the complexity, save time, and make smarter decisions in your flipping projects. Download this for free today and simplify your house flipping workflow.

Disclaimer

Please note that real estate transactions involve many variables. It’s important to know that the accuracy of results depends on the data provided. So, 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. The goals is to assist you in how to figure out purchase price, closing costs, property details, fees, and other expenses. We want to continually improve it, so give us feedback. We want ideas on adding new features and making it even more helpful. I hope you will check back often to get the latest version and keep making smart decisions for your investments.

Join Our Real Estate Investing Network

Before you leave, please consider joining our real estate community for investors, house flippers, and real estate pros. It’s a great place to share ideas, learn from each other, and find new opportunities in a friendly, fun space.

We’ll talk about smart ways to manage money, explore helpful tools like real estate software, and share tips to improve your investing skills. 

In real estate, it’s an ongoing muscle to work on with building real relationships and other things of that matter. Join us, and be part of a community that grows, learns, and succeeds together. Come be part of the conversation today.