Fix and flip calculator — Florida

Frequently asked questions

How do you calculate fix and flip profit?

Net profit is sale proceeds after selling costs and loan payoff, minus cash invested (down payment, rehab, interest-only payments during hold, and monthly carrying costs).

What is a good ROI for house flipping?

Targets vary by market and risk. Many investors compare return on cash to alternative uses of capital and minimum hurdle rates after accounting for taxes and contingencies.

Does this include hurricane or flood insurance?

No. Add expected insurance and reserves in your expense inputs. The calculator does not model hazard zones or carrier requirements for you.

What is a good cap rate in Florida?

Residential cap rates in Florida markets like Tampa, Orlando, and Jacksonville typically run 5–7% as of 2024–2025. South Florida and beach markets compress toward 4–5% due to appreciation expectations and higher prices. Wind and flood insurance costs reduce effective NOI—use your actual carrier quotes in the expenses line.

What DSCR do Florida lenders typically require?

Most DSCR lenders in Florida require a minimum of 1.0, with many preferring 1.20–1.25 for lower rates and better terms. Given Florida's higher insurance costs—especially in coastal counties—underwriting at 1.25 or above leaves room for insurance premium increases without failing coverage thresholds. Confirm requirements with your specific lender.

How should I set a fix-and-flip target in Florida?

Base your model on $433,600 median home prices, then stress sale timeline, financing carry, and selling costs. A conservative resale and hold assumption matters more than headline ROI.