Free Template

Free House Flipping Spreadsheet & Calculator

Download our free house flipping spreadsheet — a ready-to-use Excel & Google Sheets template to project your profit before you buy, then track every real dollar spent from purchase to sale.

• ✓ Works in Excel & Google Sheets
• ✓ No macros, no add-ons
• ✓ Ready in 5 minutes

What Does Free House Flipping Spreadsheet Include?

This free spreadsheet gives you a complete, ready-to-use system for analyzing and tracking a house flip:

• Deal Summary — enter your purchase price, holding costs, and ARV to see your projected profit and ROI before you buy
• Rehab Budget by trade — a detailed labor + material estimate broken out by trade (framing, roofing, HVAC, electrical, plumbing, kitchen, bathrooms, and more), with estimate vs. actual built in
• Expense Log — log every real dollar spent as you spend it, categorized by trade
• Contractor Draws — track quotes and payments to each contractor, and what's still owed
• Dashboard — a one-page snapshot of your property info, KPIs, and cost breakdown with charts

What Is a House Flipping Calculator?

A house flipping calculator is a tool that projects the profit and return on investment (ROI) of a fix-and-flip real estate deal before you buy the property. It typically combines your purchase price, estimated rehab budget, holding costs (loan payments, taxes, insurance, utilities), and selling costs against your projected after-repair value (ARV) to show whether a deal is worth pursuing — and how much margin you actually have if costs run over.

The best flip calculators don't stop at the initial projection. Once you own the property, you need a way to track what you're actually spending against that budget, trade by trade, so you know in real time whether the flip is still on track to hit your target profit. For local market comps and pricing trends, check Zillow Research or your local MLS.

How to Use This Template

1. Download the spreadsheet and open it in Excel or Google Sheets.
2. Fill in the yellow cells on the Deal Summary tab with your purchase price, ARV, and holding cost assumptions.
3. Break your rehab estimate into labor and material costs by trade on the Rehab Budget tab.
4. As you spend real money, log each expense on the Expense Log tab — the Rehab Budget and Dashboard update automatically.
5. Check the Dashboard tab any time for a live view of your projected profit, ROI, and which trades are running over budget.

Who Should Use This House Flipping Calculator?

First-Time Flippers

If you're underwriting your first deal, this template gives you a structured way to see whether the numbers actually work — before you're locked into a purchase.

Active Investors Running Multiple Flips

If you already track deals in a spreadsheet and it's starting to break down — inconsistent formulas, no real-time view of actual spend, budget surprises discovered too late — this template gives you a cleaner structure to work from.

Investors Managing Contractors

If you're coordinating multiple contractors and draws across a single project, the Contractor Draws tab keeps quotes, payments, and what's still owed in one place instead of scattered across texts and invoices.

Ready to Go Beyond the Spreadsheet?

This template gets you started, but a spreadsheet doesn't update itself from the job site. FlipMargin tracks your budget vs. actual automatically, scans receipts and contractor quotes with AI, and syncs across your phone and laptop in real time — so you always know your real margin, not just your last spreadsheet update.

Frequently Asked Questions

Is this house flipping calculator really free?

Yes. The spreadsheet is free to download, with no signup required and no time limit on use.

Does it work in Google Sheets, or only Excel?

Both. The file is a standard .xlsx spreadsheet that opens natively in Excel and can be uploaded directly to Google Sheets or Google Drive.

Do I need to know how to write spreadsheet formulas?

No. Every formula is pre-built. You only fill in the yellow cells — purchase price, rehab estimates, and expenses as you log them. Everything else calculates automatically.

Can I use this for more than one flip?

Yes — just save a new copy of the file for each property so every project keeps its own budget and expense history.

What's the difference between this template and FlipMargin?

This spreadsheet is a static tool you update manually at your desk. FlipMargin is a mobile app that does the same tracking automatically in real time, with AI receipt scanning and cloud sync across your devices — useful once you're managing live projects instead of just planning one.