Essential terms every house flipper should know.
The estimated market value of a property after all renovations are complete. Used to calculate potential profit on a flip.
Recurring expenses incurred while owning a property, including mortgage payments, insurance, taxes, and utilities.
A percentage measuring the profitability of an investment relative to its cost. Calculated as (Profit / Total Investment) × 100.
The total estimated cost of all renovations, repairs, and improvements needed to bring a property to market-ready condition.
Recently sold properties similar to your subject property, used to estimate ARV and validate pricing decisions.