Build a realistic rehab budget before you make an offer. Freddie estimates repair costs by category so your numbers hold up when the contractor walks the property.
Dan White, 20-year fix-and-flip veteran in Northern Virginia, used FreeDealCalc to analyze a $130,000 wholetail opportunity in under 5 minutes. No spreadsheet. No paid software. Just Freddie.


"I've been flipping houses for 20 years and I built this tool because nothing free was actually good enough. Freddie does what I used to do with spreadsheets — but in seconds, for free, for every investor who needs it."
A buyer who purchases this property as a wholetail deal undertakes all renovation work at their own direction, cost, and risk. The seller makes no representations regarding property condition and all sales are as-is. Buyer is responsible for all due diligence, inspections, and compliance with local codes and regulations.
Walk the property room by room, note every item needing repair or replacement, categorize by trade (kitchen, baths, flooring, roof, HVAC, electrical, plumbing, exterior), and estimate each category. Add 10-20% contingency. Get 3 contractor bids to validate your estimate before closing.
Light cosmetic rehab: $15-30/sqft. Medium rehab (kitchen, bath updates, mechanicals): $30-60/sqft. Full gut renovation: $60-120/sqft or more depending on finishes and market. Labor costs vary significantly by region — Northern Virginia and coastal markets run 30-50% higher than Midwest.
Kitchen updates return 60-80% of cost. Bathroom updates return 60-70%. Curb appeal (landscaping, exterior paint, front door) returns 100%+. Flooring returns 70-80%. Basement finishing and room additions return the least — often 50-60% in most markets.
10% for newer properties (post-1980) with no major red flags. 15-20% for properties built before 1980. 25%+ for properties with water damage, foundation concerns, knob-and-tube wiring, or significant deferred maintenance. Never skip contingency — it's your protection against unknowns.
Permit fees and inspections, dumpster rentals, temporary utilities, lead paint and asbestos testing/remediation, landscaping and grading, final cleaning, staging costs, and soft costs like architectural plans for major structural changes.
For rough filtering purposes yes — use cost-per-square-foot benchmarks by condition level. For making an offer, you need eyes on the property. Photos help but miss hidden issues. Always physically inspect or have a trusted set of eyes walk the property before committing to purchase.
Free forever. No credit card. No spreadsheet. Just Freddie.