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. That’s where a House Flipping Spreadsheet becomes an essential tool. 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.
Download this House Flipping Spreadsheet for Free
Excel spreadsheet | Google Sheet
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 | Description | Unit Price ($) | Quantity | Total Cost ($) |
| Demolition | 0 | |||
| Framing | 0 | |||
| Plumbing | 0 | |||
| Electrical | 0 | |||
| Flooring | 0 | |||
| Painting | 0 | |||
| Roofing | 0 | |||
| Windows/Doors | 0 | |||
| Kitchen Remodel | 0 | |||
| Bathroom Remodel | 0 | |||
| Landscaping | 0 | |||
| Miscellaneous Repairs | 0 | |||
| Total | 0 | |||
Summary Section | ||||
DisclaimerThis spreadsheet is provided as a framework to assist in organizing and calculating potential costs, profitability, and other metrics related to house flipping projects. It is intended for informational purposes only and should not be relied upon as financial advice. The calculations and data included in this tool are general estimates and do not account for specific circumstances, market conditions, or other factors that may impact actual costs or outcomes. Users are strongly encouraged to seek advice from qualified financial advisors, real estate professionals, and other relevant experts before making any financial decisions based on the information provided in this spreadsheet. The creators of this spreadsheet assume no liability for any financial loss, decisions, or outcomes resulting from its use. | ||||
Purchase Price and Profitability Tab 2
| Purchase Price and Profitability Tab | Column 1 | Column 2 |
| Field | Description | Input/Formula |
| After Repair Value (ARV) | The estimated market value of the property after all repairs are completed. | 300,000.00 |
| Rehab Costs | Total cost of repairs and renovations. | 50,000.00 |
| Other Costs | Additional costs (e.g., closing costs, holding costs, etc.). | 20,000.00 |
| Desired Profit Margin (%) | The percentage of profit you want to make on the deal. | 0.20 |
| Maximum Purchase Price | The highest price you should pay for the property to meet your profit goals. | 170,000.00 |
| Actual Purchase Price | The price you are paying (or considering paying) for the property. | 100,000.00 |
| Profit from Deal | The actual profit you will make based on the purchase price and costs. | 130,000.00 |
| Profitability Check | Indicates whether the deal meets your desired profit margin. | Profitable |
| Example Layout in Excel | ||
| Field (EXAMPLE) | Value | Notes |
| After Repair Value (ARV) | $300,000 | Enter the estimated market value after repairs. |
| Rehab Costs | $50,000 | Total cost of repairs and renovations. |
| Other Costs | $20,000 | Includes closing costs, holding costs, etc. |
| Desired Profit Margin (%) | 20% | Enter your desired profit margin as a percentage. |
| Maximum Purchase Price | $170,000 | Formula: =300,000 – 50,000 – 20,000 – (300,000 * 0.2) |
| Actual Purchase Price | $160,000 | Enter the price you are paying for the property. |
| Profit from Deal | $70,000 | Formula: =300,000 – 50,000 – 20,000 – 160,000 |
| Profitability Check | Profitable | Formula: =IF(70,000 >= (300,000 * 0.2), “Profitable”, “Not Profitable”) |
| Notes: | ||
| User Inputs: Fields like ARV, Rehab Costs, Other Costs, Desired Profit Margin, and Actual Purchase Price are entered manually. | ||
| Formulas: The spreadsheet automatically calculates the Maximum Purchase Price, Profit from Deal, and Profitability Check. | ||
| Profitability Check: This field provides a quick “Profitable” or “Not Profitable” result to help you decide if the deal is worth pursuing. | ||
| This tab ensures you can analyze deals effectively, calculate profitability, and make informed decisions. Let me know if you’d like further refinements! | ||
| Disclaimer This spreadsheet is provided as a framework to assist in organizing and calculating potential costs, profitability, and other metrics related to house flipping projects. It is intended for informational purposes only and should not be relied upon as financial advice. The calculations and data included in this tool are general estimates and do not account for specific circumstances, market conditions, or other factors that may impact actual costs or outcomes. Users are strongly encouraged to seek advice from qualified financial advisors, real estate professionals, and other relevant experts before making any financial decisions based on the information provided in this spreadsheet. The creators of this spreadsheet assume no liability for any financial loss, decisions, or outcomes resulting from its use. | ||
Project Tracker Tab 3
| Project Tracker | |||||
| Task Tracker Table | Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
| Task Name | Assigned To | Start Date | Due Date | Status | Notes |
| Demolition | John Doe | 10/01/2023 | 10/05/2023 | Completed | Finished on time |
| Electrical Wiring | Sarah Smith | 10/06/2023 | 10/10/2023 | In Progress | Waiting for permit |
| Painting | Mike Carter | 10/11/2023 | 10/12/2023 | Not Started | |
| Flooring Installation | Jane Adams | 10/13/2023 | 10/15/2023 | Not Started | Materials ordered |
| Columns Explained | |||||
| Task Name – Clearly identify the task (e.g., painting, plumbing, etc.). | |||||
| Assigned To – Name of the person responsible for completing the task. | |||||
| Start Date – The date work on the task should begin. | |||||
| Due Date – The deadline for completing the task. | |||||
| Status – Options include Not Started, In Progress, Completed, or Delayed. | |||||
| Notes – Additional details or updates about the task. | |||||
| Progress Summary Section | |||||
| Place this section above or below the task tracker table to give an overview of project completion. | |||||
| Progress Table | Column 1 | Column 2 | |||
| Metric | Formula | Result | |||
| Total Tasks | 26 | X | |||
| Completed Tasks | 1 | X | |||
| Percentage Completed | 3.846153846 | XX% | |||
| 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 – The Progress Summary gives you an immediate understanding of how far along the project is and helps in making timely adjustments. | |||||
| This tab keeps your house flipping project on track by providing clarity, accountability, and measurable progress indicators. |
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.
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