Fix and flip calculator — Rhode Island
Rhode Island's small footprint still has distinct submarkets. Default rent inputs reflect HUD FMR data—tight inventory can make comps noisy, so use ranges and document your rent assumption. Same math as the national Fix and flip calculator; numbers are educational—not lender instructions.
Calculator
Fix and flip
Purchase, rehab, hold with IO financing, then sell at ARV. See profit and return on cash invested.
Net profit $40,800 · Cash in $78,400
Net profit
$40,800
ROI
52.0%
Ann. ROI
131.2%
Hold (mo)
6
Fix-and-flip calculator
Interest-only loan during hold; sale at ARV net of selling costs; loan payoff equals initial loan. Illustrative only—add reserves, taxes, and contingencies in real underwriting.
Results
Net profit
$40,800
Total ROI
52.0%
Annualized ROI
131.2%
Cash-on-cash (total)
52.0%
Cash in $78,400 · Hold 6 mo · Selling costs $20,800 · Net sale before payoff $239,200
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.
Real estate investing in Rhode Island
Real estate investing in Rhode Island
Coastal wind and flood considerations apply in some deals. Add insurance explicitly; this calculator does not infer flood zones.
- Typical 2BR rent
- ~$1,700/mo
- Effective property tax
- ~1.63% of home value
- State income tax
- Up to 5.99%
Rent: HUD FMR 2025 · Property tax: Tax Foundation 2022 · Adjust all calculator inputs to match your specific deal.
Other calculators for Rhode Island: BRRRR Calculator · STR vs LTR Calculator. All calculators · Investment property calculator