{"id":11338,"date":"2024-12-12T02:25:17","date_gmt":"2024-12-12T10:25:17","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=11338"},"modified":"2025-09-18T03:09:04","modified_gmt":"2025-09-18T10:09:04","slug":"how-much-can-you-make-flipping-houses","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/how-much-can-you-make-flipping-houses\/","title":{"rendered":"How Much Can You Make Flipping Houses? The Answer May Surprise You"},"content":{"rendered":"<p>Flipping can be a great way to earn quick cash,\u201d advises <a href=\"https:\/\/www.homelight.com\/agents\/dustin-parker-de-dustinsellingsussexcom\">Dustin Parker,<\/a> a top-selling real estate agent in Millsboro, Delaware, who\u2019s also a house flipper himself.<\/p>\n<p>\u201cHowever, you run the risk of purchasing a property at a high price point right before the market takes a downturn. If home values fall while you\u2019re doing the <a href=\"https:\/\/www.homelight.com\/blog\/which-renovations-increase-home-value\/\">renovations<\/a>, then you\u2019re stuck with a lot of money invested in a house that you can\u2019t sell at a profit.\u201d<\/p>\n<p>So, how much can you make flipping houses? Here we\u2019ll cover:<\/p>\n<ul>\n<li aria-level=\"1\">How much you can make on a single flip<\/li>\n<li aria-level=\"1\">The average earnings for a <a href=\"https:\/\/www.homelight.com\/blog\/what-is-a-house-flipper\/\">house flipper<\/a><\/li>\n<li aria-level=\"1\">House flipper success rates<\/li>\n<li aria-level=\"1\">All the costs you need to <a href=\"https:\/\/www.homelight.com\/blog\/buyer-flip-house\/\">budget for on each flip<\/a><\/li>\n<li aria-level=\"1\">How to get financing for your investment property<\/li>\n<\/ul>\n\n\n\n\n\n<div class=\"geo-cta widget-cta widget-cta--content     widget-cta--dark widget-cta--dark-blue-gradient\">\n    <div class=\"widget-element--content\">\n        <div class=\"widget-element--content-header\">\n            <img decoding=\"async\" alt=\"homelight logo\" class=\"widget-element--logo\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\" width=\"106\" height=\"25\" \/>\n        <\/div>\n        \n                <h3 class=\"cta-headline widget--bold\">Stressed About Extensive Home Repairs?<\/h3>\n                        <p>It&#8217;s possible to sell your home, even if it needs some or a lot of work. <span style=\"font-weight: 400;\">Use HomeLight&#8217;s Simple Sale platform to sell when you\u2019re ready without the hassle of paying for repairs, prepping for listing, or dealing with showings. Receive your offer in as little as 24 hours and close in as few as 10 days.<\/span><\/p>\n        \n                <div class=\"widget-element--buttons\">\n            <a data-type=\"In Content CTA\" href=\"https:\/\/www.homelight.com\/simple-sale\/quiz#\/qaas=0\/\" class=\"cta-click-track widget-element--button\">Request Offer<\/a>\n        <\/div>\n                    <\/div>\n<\/div>\n\n\n<p>Then, we\u2019ve got 5 tips from experienced investors on how to avoid losing money on your first few house flips.<\/p>\n<h2><div id=\"section--1\" data-toc-header=\"How much can I make on a single flip?\" data-toc-type=\"head\"><\/div>How much can I make on a single flip?<\/h2>\n<p>In the second quarter of 2024, <strong><a href=\"https:\/\/www.attomdata.com\/news\/most-recent\/q2-2024-u-s-home-flipping-report\/\">flippers averaged a 30.4% ROI or a gross profit of $73,492 per flip<\/a><\/strong>, according to leading property data firm ATTOM Data Solutions. In this case, ROI is calculated by dividing the gross flipping profit ($73,492) by the purchase price (a median of $241,508). To be considered a flip by ATTOM\u2019s standards, a property has to be bought and sold within a 12-month span.<\/p>\n<p>It\u2019s important to note that the gross profit figure is the difference between what a property originally cost and what it sold for. In ATTOM\u2019s methodology you\u2019ll see that this number <strong>does not include the cost of rehab and renovations<\/strong>, which flipping veterans estimate will run between 20%-33% of the home\u2019s value after repairs.<\/p>\n<p>So let\u2019s see how much you\u2019d make with a hypothetical flip house based on these gross average returns while also accounting for your expenses.<\/p>\n<ul>\n<li aria-level=\"1\">You buy a house for the median price of <strong>$241,508<\/strong> with the intention of flipping it.<\/li>\n<li aria-level=\"1\">Based on the current averages, your gross profit would amount to <strong>$73,492<\/strong> (or 30.4% ROI) for a resale price of <strong>$315,000<\/strong>.<\/li>\n<li aria-level=\"1\">Your average cost of renovations as 20%-33% of the after repair value (in this case $315,000) amount to: <strong>$63,000-$103,950<\/strong>.<\/li>\n<\/ul>\n<p><strong>At best your calculations work out like so:<\/strong><br \/>\nSale price: $315,000<br \/>\n\u2013<br \/>\nPurchase price: $241,508<br \/>\n\u2013<br \/>\nRehab costs and other expenses incurred (low end): $63,000<br \/>\n=<br \/>\n<strong>You take home: $10,492 flip (4.34% profit)<\/strong><\/p>\n<p><strong>At worst, you lose money:<\/strong><br \/>\nSale price: $315,000<br \/>\n\u2013<br \/>\nPurchase price: $241,508<br \/>\n\u2013<br \/>\nRehab costs and other expenses incurred (high end): $103,950<br \/>\n=<br \/>\n<strong>You lose: $30,458 on this flip (-9.67% profit)<\/strong><\/p>\n<div>\n<dl id=\"attachment_51564\">\n<dt><img decoding=\"async\" src=\"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2019\/07\/image1.jpg\" alt=\"\" width=\"1076\" height=\"674\" \/><\/dt>\n<dd>Source: <a href=\"https:\/\/www.attomdata.com\/news\/market-trends\/flipping\/attom-data-solutions-q3-2019-u-s-home-flipping-report\/\">ATTOM Data Solutions<\/a><\/dd>\n<\/dl>\n<\/div>\n<p>\u201cIt\u2019s always our goal to make about 20% profit margins for the investors that we work with on flips, which is pretty standard for our area,\u201d says Parker. \u201cWhile we target 20%, sometimes you fall a little short. I would say the average margin for a flip is 15%. However, it\u2019s possible you\u2019ll hit a home run and get 50% or 60% on one flip alone.\u201d<\/p>\n<p>But there\u2019s no guarantee that you\u2019ll make that much \u2014 especially if you have inexperience working against you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get all the stats on the average ROI on house flipping and how to account for unforeseen costs that drive down your margins.<\/p>\n","protected":false},"author":37,"featured_media":11349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[329,319],"tags":[],"class_list":["post-11338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-flipping","category-selling-advice"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Much Can You Make Flipping Houses? The Answer May Surprise You<\/title>\n<meta name=\"description\" content=\"Get all the stats on the average ROI on house flipping and how to account for unforeseen costs that drive down your margins.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.homelight.com\/blog\/how-much-can-you-make-flipping-houses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Much Can You Make Flipping Houses? 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