Flip Analysis — Columbus | Conservative Numbers | Feedback Requested

[Elrondo Colson]

I ran a fix-and-flip analysis on a current on-market MLS listing in Columbus and wanted to share the numbers for feedback.

Quick snapshot (address intentionally withheld):

• Single-family home

• 3 bed / 2 bath

• Approximately 1,274 sq ft

• West Side Columbus

• Regular MLS listing (not a foreclosure or auction)

Rehab Scope (Light to Moderate)

Modeled as a cosmetic renovation based on the listing notes:

• Interior cosmetic updates

• Kitchen and bath refresh

• Paint, fixtures, finishes

• Curb appeal and punch list items

Estimated rehab: approximately $20,000
This is not modeled as a full gut. If interior condition is worse, the spread tightens.

Flip Numbers (Conservative)

Purchase price: $159,000
Buyer closing costs (3%): approximately $4,770
Rehab: approximately $20,000
Holding costs (6 months): approximately $6,000
Financing / interest: approximately $8,000

Total all-in before resale: approximately $197,770

After-Repair Value (ARV)

Based on renovated sales in the immediate area, resale pricing in the high-$200s appears supportable.

Conservative ARV used: $275,000

Resale Costs

Modeled at approximately 8% of ARV to account for commissions, seller closing costs, and concessions.

Estimated resale costs: approximately $22,000

Projected Outcome

$275,000
minus $22,000 resale costs
minus $197,770 all-in

Projected net profit: approximately $55,000

Notes

• Rehab assumption is cosmetic and based on listing description

• Interior condition will ultimately determine final spread

• ARV is conservative and not best-case pricing

• Numbers are for underwriting discussion only, not guarantees

Question for the Group

For those actively flipping on the Columbus West Side:

• Would you underwrite rehab closer to $20k or pad higher?

• Would you anchor ARV above or below $275k?

Address is intentionally withheld. Happy to share details via DM with active buyers.

[Andrew Lee]

If you are using a fix n flip loan, anticipate more on closing costs such as origination points, down payment (contingent on FICO and experience), taxes, etc. Also, you will need to show appropriate liquidity.