SmartHelping / Fix and Flip / Excel

Fix and Flip Financial Model

Plan purchases, rehab and sales across a growing property pipeline. Connect deal timing, financing and holding costs to the capital required, operating cash flow and returns for the project, investors and operators.

10-year forecast 3 property types 5 rehab phases 2 waterfall types

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See the model in action

Walk through the deal assumptions, financing and cash flow.

Follow the video to see how purchases, rehab phases, holding costs and sales move through the operating forecast and investment analysis.

Open the model overview presentation

Use the presentation alongside the video for an overview of the model and the decisions it helps you evaluate.

Template features

Connect each property to the wider operating plan.

Build the unit economics for the deal types, then evaluate the cash required and returns as the operation scales.

01 / 10-YEAR CASH FLOW

Plan a single deal or a growing property pipeline

Configure up to three property types and forecast operations over 10 years. Monthly and annual views connect purchases, holding periods and sales to cash flow.

02 / PURCHASE AND REHAB FINANCING

Fund the purchase and each rehab phase

Set the financed percentage of the purchase price separately from the financed share of up to five rehab cost tranches. Define when each rehab cost occurs within the property lifecycle.

03 / INTEREST OPTIONS

Choose how interest affects cash flow

Model interest paid monthly or accrued interest, with or without compounding. The purchase financing uses an interest-only loan structure.

04 / TWO WATERFALL TYPES

Compare joint venture arrangements

Use either an IRR-hurdle waterfall or a simple split to evaluate the joint venture structure.

05 / RETURNS AND DCF

Review the project and each participant

Track IRR, equity multiple and profit for the project and investor/operator views. DCF analysis is included for the project and each investor/operator view.

06 / OPERATING ACCOUNT PLANNER

Plan investment contributions over time

Use the monthly operating account planner when investments happen over time instead of all up front.

07 / OVERHEAD AND STAFFING

Include the cost of running the operation

Schedule corporate overheads with the fixed-cost schedule. Dynamic FTE ratios support three types and scale full-time employee headcounts with deal volume.

08 / 16 VISUALIZATIONS

See the forecast results visually

Review 16 visualizations alongside the monthly and annual cash flow, return metrics and DCF analysis.

Deal assumptions

Configure the full lifecycle of each property type.

Set acquisition, rehab, financing, holding-period and exit assumptions for up to three property types.

01 / ACQUISITION

Set the purchase and loan terms

Define the average purchase price, financed percentage, interest rate, loan closing costs and whether interest is paid monthly, accrued or compounded.

02 / UPFRONT FEES

Capture fixed and percentage-based costs

Enter inspection, appraisal and other fixed fees per deal, plus up to three additional percentage-based fee items.

03 / FIVE REHAB PHASES

Control the amount and timing of rehab

For each of the five phases, define the cost amount, the percentage borrowed and the month the cost occurs within the deal timeline.

04 / TAXES AND INSURANCE

Plan the recurring property costs

Configure property taxes using assessed value and tax-rate assumptions, together with monthly hazard insurance costs during the holding period.

05 / UTILITIES AND HOLDING COSTS

Include the cost of holding each property

Enter electricity, gas or heating, water, HOA, security or alarm, landscaping and other monthly holding costs.

06 / EXIT ASSUMPTIONS

Define the sale and the costs of closing

Set the expected sale month, after-repair value (ARV), change from purchase price and exit costs. Include agent commissions, title or transfer taxes, and staging or repairs after inspection.

Purchase, hold and exit cash flow

Follow the cash from the first purchase to the final sale.

Use the forecast to understand the investment needed to increase deal volume, the cash flow of the ongoing operation and the cash returned when the final deals sell.

Purchase

The deal begins with the purchase price, closing costs and other upfront costs. Debt financing offsets the cash needed at acquisition.

Hold and renovate

Rehab spending, its financing, interest, property taxes, insurance and other carrying costs flow through the holding period according to the deal assumptions.

Sell and repay debt

The exit includes the expected sale proceeds, selling costs and repayment of outstanding loans. Follow the resulting cash returned from each property type.

Leave time for the final sales

Stop starting new deals early enough for the remaining properties to sell before the forecast ends. For a six-month deal in a 120-month forecast, start the final deal in month 114 or earlier. Leave the final months at zero new deals for that type so the model captures the cash coming back without reinvesting it in more purchases. Apply the same timing check to a shorter five- or seven-year forecast.

How to use it

From property assumptions to a scaling plan.

Configure the property types
Set up to three deal types with their purchase, holding-period and exit assumptions. Define the unit economics before increasing deal volume.
Set rehab and financing
Schedule the five rehab phases, their financed shares and the purchase loan. Choose the interest treatment that matches the financing plan.
Build the operating plan
Enter the timing of new deals, corporate overheads, staffing ratios and investment contributions through the operating account planner.
Review returns and the final sales
Compare monthly and annual cash flow, project returns, investor/operator returns and the two waterfall types. Leave enough time for all remaining properties to sell before the forecast end month.

Who gets value from it

Built for the people buying, renovating and funding the deals.

Fix-and-flip operators

Plan the capital and cash flow required to complete more deals over time.

Real estate investors

Review acquisition, rehab, holding costs and exits across different property types.

Joint venture partners

Compare IRR-hurdle and simple-split structures with project and participant return views.

Finance teams and advisors

Connect the deal pipeline to financing, overheads, staffing and investment timing.

Also available in these bundles

Need models for more than one property strategy?

This fix-and-flip model is included in the following SmartHelping collections.

Real Estate Models Bundle

Explore models for property acquisitions, development, financing, operations and investor returns.

View Real Estate Bundle

Super Smart Bundle

Get the complete SmartHelping template collection for operating forecasts, valuation, finance and more.

View Super Smart Bundle

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Fix and Flip 10-Year Financial Model Template

Walk through the deal assumptions, financing and cash flow.

Connect each property to the wider operating plan.

Plan a single deal or a growing property pipeline

Fund the purchase and each rehab phase

Choose how interest affects cash flow

Compare joint venture arrangements

Review the project and each participant

Plan investment contributions over time

Include the cost of running the operation

See the forecast results visually

Configure the full lifecycle of each property type.

Set the purchase and loan terms

Capture fixed and percentage-based costs

Control the amount and timing of rehab

Plan the recurring property costs

Include the cost of holding each property

Define the sale and the costs of closing

Follow the cash from the first purchase to the final sale.

Purchase

Hold and renovate

Sell and repay debt

Leave time for the final sales

From property assumptions to a scaling plan.

Configure the property types

Set rehab and financing

Build the operating plan

Review returns and the final sales

Built for the people buying, renovating and funding the deals.

Fix-and-flip operators

Real estate investors

Joint venture partners

Finance teams and advisors

Need models for more than one property strategy?

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Super Smart Bundle

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Build the fix-and-flip operation around the numbers.