Free template
Deal Analysis Checklist for House Flips (Free)
Confirm every number before you offer — not after you close.
A deal analysis checklist makes sure you've confirmed every number before offering: after-repair value from comps, a line-item rehab estimate, all costs (holding, financing, selling), your maximum allowable offer, and the projected profit and ROI. Running this every time is what separates disciplined investors from those who overpay. Use the checklist below.
Most flips are won or lost at the analysis stage. This checklist ensures you've verified the numbers that matter before you commit — so the deal that looks good on the surface actually pencils.
Confirm before offering
- ARV supported by 3–6 recent, comparable sales
- Line-item rehab estimate (not a guess)
- Holding costs estimated for your realistic timeline
- Financing costs (points + interest)
- Selling costs (commission, concessions, closing ~6–8%)
- Maximum allowable offer (ARV × 70% − rehab, adjusted)
- Projected net profit and ROI clear your minimum
- Contingency built into the rehab number
- Exit strategy and backup exit (e.g., rent if it won't sell)
How to use it
- Run every line before you submit an offer — no exceptions.
- If any number is a guess, replace it with comps, bids, or real quotes.
- Offer at or below your MAO; treat it as a ceiling, not a target.
- If the profit doesn't clear your minimum with the contingency in, pass.
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Get started freeFrequently asked questions
- How do you analyze a house flip deal?
- Confirm the ARV from comps, build a line-item rehab estimate, add holding, financing, and selling costs, calculate your maximum allowable offer, and verify the projected profit and ROI clear your minimum — with a contingency built in.
- What numbers do beginners get wrong?
- Most often an overestimated ARV, an underestimated rehab, and forgotten holding, financing, and selling costs. Any one of these can turn a projected profit into a loss, which is why a checklist matters.