Does this flip make money?

Put in the purchase, the rehab and what it sells for. See the cash you need, the profit after the loan and the selling costs, and the price where the deal stops working. Then price the loan here in a minute.

The deal

Purchase price ($)Rehab budget ($)Lenders fund this through draws as the work is done; the loan is checked against ARV.After-repair value ($)70% rule says pay up to $188,000.Months to sellBuy, build, list and close.

The loanLender advances this much of the purchase at closing85%Lender funds this much of the rehab through draws100%Rate11%Points2 pts

Not sure what you'd get? Price it in a minute and bring the numbers back here.

Costs

Closing costs to buy ($)Title, recording, lender fees.Holding costs per month ($)Taxes, insurance, utilities.Cost to sell (% of ARV)Commissions, concessions, closing.Profit you want ($)

$42,700 profit79.8% on $53,500 in