House Flipping Profit Calculator

Find out how much money you can earn flipping houses with our house flipping profit calculator. Whether it’s a 30-year-old house or a fairly new one that’s been wrecked by tenants, there’s money to be made in flipping houses.

Even if lumber, wood, and construction prices are high, you could still walk away with a profit in the long run. Earning money from flipping houses can be as simple as refurbishing it or giving it a fresh coat of paint. It can be a lucrative way to earn money.

House Flipping Profit Calculator

Purchase Price ($):

Renovation Costs ($):

Selling Price ($):

Additional Fees ($):

Time Taken to Flip (Months):

Why Use the House Flipping Profit Calculator

With our house flipping profit calculator, you can find out if flipping houses is for you or if you should look for another way to make money. Flipping houses isn’t easy. In most cases, you’ll need to hire a construction crew to renovate the main living areas, the kitchen, the bathroom, the basement, the roof, and even the foundation. Some of these renovations could cost as little as $1,000, while others could run tens of thousands of dollars, depending on how much needs to be done.

About 40% of construction costs in house flipping is labor. If you’re handy with woodwork and renovations, you might be onto something. Even better, if you have friends who are good handymen and will work for a couple of beers, you’ll save even more. The more hands on deck for flipping houses, the better, because sometimes a fast flip can make the most money.

Other times, if there’s too much damage and you’re buying the house blind, like through an online auction, the property might be full of surprises. You could end up with so much damage that it’s almost impossible to walk away with a profit. In such cases, you could hold onto the property. Since homes appreciate in value over time, you might still walk away with a profit. In the meantime, you could Airbnb it or rent it out and earn some of that money back.

With our house flipping profit estimator, you can get an estimate and see if flipping a house is worth it for you or your handyman friends. The calculator will give you an instant answer based on averages throughout Canada and the United States.

Final Thoughts

Flipping houses is a great way to make some money on the side, especially if you have an established contracting crew at a decent price to do the job. If you’re doing the work yourself, you can save on construction and labor costs and potentially flip houses full-time for a living. That decision is entirely up to you.