Flip in TX area. need help

[Alon A.]

Hey guys

I would like you to help my calculate my expanses its my first deal of flip and like to know my net profit.

I dont understand this calculators and want someone to explain me please. I know you have closing costs, hazard insurance, and more fees , and when you sell property you have also seller fee....

Property price: 425K 

Rehab: 60K

ARV: 640K

Insurance: $2300 yearly 

Property Tax: $12,100 yearly

thats is all details i know .. how do i know more expanses that i have and how to calculate it?

Hard money options:

Easy Purchase-Only

6-Month Term (No Prepayment Penalty)

82.5% LTPP up to 70% ARV

10.9% Rate

2.5 Points

You will self-fund the entire rehab in this scenario

Purchase 80

6-Month Term (No Prepayment Penalty after 30 days)

80% Acquisition-Only Loan (Lend based off of LTC, Not ARV or LTV)

11%

1 Point