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The EZ-Estimate 2.01 property flipping software rolls up your flip property
financial data into a Profit or Loss Statement. When starting
a flip property project, enter all of your anticipated budget
expenses. The EZ-Estimate 2.01 software will roll up your
budget expense data into a Profit or Loss Statement to estimate the
potential profitability of your project. The flip property
reports can be presented to a financial institution to assist with
the loan process. When your flip project is complete, you can
enter your actual costs to evaluate the accuracy of your estimates and profitability of your flip. Documenting budgeted
and actual costs will help you to improve the estimation process on
future projects. The EZ-Estimate software first calculates the
Down Payment Amount for your flip property based on the loan data
entered and the purchase price. The Proceeds From Sale are
calculated by subtracting the Sales Commission and Miscellaneous
Sales Costs from the Sales Price. The Purchase Price plus all
costs associated with the rehab are totaled. The Purchase +
Rehab Costs are then subtracted from the Proceeds from Sale to
determine the Before-Tax Profit or Loss for your flip project.
Before-tax return is calculated by dividing the Before-Tax Profit or
Loss by the Purchase + Rehab costs. A green arrow indicates that you did better than
your estimate. A red arrow indicates that you went over
budget. Note that the Total Rehab Costs amount equals the
additional cash you will need to budget for the renovation of the
flip property.
The EZ-Estimate 2.01 flip property software is a powerful
tool that can help you estimate the potential profit of your
property flips. To find out more about the
EZ-Estimate
2.01, click on
EZ-Estimate
2.01
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Advantage Software LLC
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