Fix and Flip 10-Year Financial Model Template

This template was designed for real estate professionals who fix properties and flip them for profit. The model does a really good job with cash flow planning at scale (planning to flip many properties over time), including dynamic variables to capture the financial effect and timing implications of all activities related to the initial purchase, holding period, and exit.



$75.00 USD

After purchase, the template will be immediately available to download. It is also included in the real estate models bundle and the Super Smart Bundle.

fix and flip

Although the user can plan out single deals on this model with precise granularity, the real power is understanding the economics of initiating many fix and flip deals over time of up to three 'types'. The unit economics of each property 'type' can be configured, the model then spits out the periodic cash flow accordingly.

Template Features:

  • Plan operations over a 10-year period.
  • Dynamic purchase price and rehab assumptions along with debt draws.
  • Configure up to 3 property types.
  • Monthly and Annual views, focused on cash flow planning.
  • Joint venture capable (two waterfall types, IRR Hurdles and simple splits).
  • Displays Project and Investor / Operator metrics: IRR, Equity Multiple, Profit.
  • DCF Analysis for project and each investor / operator view.
  • Monthly operating account planner (for investments happening over time instead of all up front).
  • 16 visualizations.
  • For corporate overheads if applicable, the template includes a robust fixed cost schedule.
  • Dynamic FTE ratios to drive full-time employee headcounts that scale with deal volume (3 types).
  • Robust leverage options for each deal type.
I build a few different debt options in this model. The user can choose the percentage of the purchase price they plan on getting an interest-only loan for, and separately the percentage of up to 5 different rehab cost tranches they are financing. Those tranches have a dynamic input for the month number the cost hits cash flow within the life cycle of a property.

Additionally, the user can choose if they want interest to accrue or not and compound or not or simply be paid monthly. This template handles all those options perfectly over the deal timeline so capital requirements are more accurate.

Deal Cash Flow Pattern

The general cash flow pattern each deal type takes starts with the initial purchase price and all relevant closing costs / up-front costs (inspections and so forth). That is then offset with debt financing. Then you have ongoing costs during the hold period, such as rehab (offset with any financing), interest, property taxes, insurance, and there are plenty of slots for more items as needed. At exit, there is the value you expect to sell the property for, broker / agent commissions, title / transfer taxes and repayment of any loans.

You can use the model to see how much investment it will take to scale increasingly more fix and flip deals over time, what the stabilized cash flow looks like, and what the exit cash flow looks like after you have built up your operations. If you plan on using the full 120 months, make sure to leave the last few months at 0 deals so you can see the cash coming back in as you stop scaling. This sort of acts like an exit value as it is often going to be material to understand the value of the final deals selling off without recycling those profits into new deals. For example, if the longest deal type takes 6 months to complete, then you want to enter the last deal for that type happening in month 114 or earlier. That gives you the ability to see the final 6 months' worth of deals to be sold and that cash can be significant if you have scaled to a large operation. If you are only running a 5- or 7-year view, just make sure the 'end month' of the forecast give you enough time to see that runoff as well.

Deal Assumptions (configurable for 3 property types):
  • Acquisition
    • Avg. Purchase Price
    • % Financed (short-term loan)
    • Interest Rate
    • Loan Closing Costs
    • Interest Accrued or Paid Monthly
    • Compound (PiK)?
  • Other One-time Fees/deal (fixed)
    • Inspection
    • Apraisal
    • Other
  • Other One-time Fees/deal (%)
    • Item 1
    • Item 2
    • Item 3
  • Exit
    • Expected Sale Month #
    • Expected ARV (After Repair Value)
    • % Change from Purchase Price
      • Agent Commissions
      • Title / Transfer Tax
      • Staging / Repair After Inspection
  • Rehab and Financing/Timing
    • Phase 1 to 5 cost amount.
  • % Borrowed for Rehab Costs
    • Phase 1 to 5 loan-to-cost.
  • Month Cost Happens
    • Phase 1 to 5 configuration.
  • Ongoing Costs During Hold Period
    • Property Taxes
      • Average Assessed Value
      • Tax Rate
      • Monthly Amount
    • Hazard Insurance
      • Tax Rate
      • Monthly Amount
    • Monthly Utility Cost
      • Electricity
      • Gas/Heat
      • Water
    • Other Monthly Costs
      • HOA
      • Security / Alarm
      • Landscaping
      • Miscellaneous
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