AFTER REPAIR VALUE
| Comp #1: address / $ / $per sq ft | $ ______________ |
| Comp #2 | $ ______________ |
| Comp #3 | $ ______________ |
| ARV estimate (conservative) | $ ______________ |
REHAB BUDGET
| Kitchen | $ ______________ |
| Bathrooms | $ ______________ |
| Flooring | $ ______________ |
| Paint (int/ext) | $ ______________ |
| Roof / exterior | $ ______________ |
| HVAC / plumbing / electric | $ ______________ |
| Landscaping / other | $ ______________ |
| Contingency (15%) | $ ______________ |
| TOTAL REHAB | $ ______________ |
CARRYING & TRANSACTION
| Purchase closing costs | $ ______________ |
| Loan points & interest (___ months) | $ ______________ |
| Utilities, taxes, insurance while holding | $ ______________ |
| Selling costs (agent + closing, ~7-8%) | $ ______________ |
| TOTAL CARRY | $ ______________ |
THE OFFER
| ARV × 70% = ______ | $ ______________ |
| − Rehab = ______ | $ ______________ |
| − Wholesale fee (if any) = ______ | $ ______________ |
| MAXIMUM OFFER = ______ | $ ______________ |
PROFIT CHECK
| ARV − all costs − purchase = projected profit $______ (walk if under $______) | $ ______________ |
Budget rehab from a walkthrough with a contractor, not from photos. Every experienced flipper’s contingency line exists for a reason.