What Is the Average Profit on a House Flip in South Florida? (2026 Numbers)

What's the average profit on a house flip? Nationally, ATTOM Data reports gross flipping profits averaging between $65,000 and $75,000 per deal. That figure is gross profit before taxes, carrying costs, and transaction fees. In South Florida, the numbers vary considerably by market, price point, and investor experience. Here's an honest breakdown of what South Florida flippers actually earn.

Gross profit vs. net profit: what most sources get wrong

When flipping statistics cite "average profit," they almost always mean gross profit: the difference between purchase price and sale price. Net profit is what matters, and it's substantially lower. Here's what gets deducted from gross profit on a typical South Florida flip:

• Renovation costs (the biggest variable)
• Financing costs: hard money interest at 12 to 18 percent annually, plus origination points at 2 to 4 percent
• Holding costs: insurance, property taxes, and utilities during renovation
• Selling costs: agent commissions at 4 to 5 percent, closing costs, documentary stamp taxes
• Acquisition costs: closing costs, inspection, title search

A deal with $80,000 in gross profit (buy at $220,000, sell at $300,000) might net $35,000 to $45,000 after all costs. That's still excellent, but it's far from $80,000.

What South Florida flip profits actually look like by market

The profit range varies significantly depending on which South Florida county and price point you're working in:

• Entry-level markets (St. Lucie, Highlands, inland Broward): Purchase $160,000 to $220,000, ARV $240,000 to $310,000. Net profit range: $20,000 to $45,000 per deal. Lower absolute dollars but often better percentage returns and faster execution.
• Mid-market (West Palm Beach, Boca Raton suburbs, Fort Lauderdale): Purchase $250,000 to $380,000, ARV $370,000 to $520,000. Net profit range: $35,000 to $70,000. This is the most competitive segment and where most South Florida flippers operate.
• Upper-mid ($500K to $900K ARV): Larger absolute dollars, but also larger capital requirements, longer timelines, and more selective buyers. Net profit range: $60,000 to $120,000 when executed well.
• Luxury ($1M+ ARV): High variance. A well-executed luxury flip can net $150,000 to $400,000 or more. A poorly executed one can lose $100,000 or more. Not the place to start.

A real South Florida flip deal breakdown

Here's a realistic example from Broward County's mid-market in 2026:

• Purchase price: $295,000
• Renovation cost: $52,000 (cosmetic + kitchen + baths + HVAC service)
• Hard money financing (65% LTV at 14% for 5 months): $18,500
• Holding costs (taxes, insurance, utilities over 5 months): $4,200
• Sale price: $430,000 (ARV confirmed by comps)
• Selling costs (5% commission + closing): $23,500
• Net profit: $430,000 minus $295,000 minus $52,000 minus $18,500 minus $4,200 minus $23,500 = $36,800

$36,800 on a 5-month project with $103,000 of personal capital deployed (35% down + renovation) works out to a 35.7% cash-on-cash return annualized. That's strong by any measure.

What separates profitable flips from money-losers

The investors who flip consistently profitably in South Florida share a few clear habits:

• Conservative ARV estimates: They price against the lowest comps, not the highest. That buffer protects them when the market softens or a sale takes longer than expected.
• Detailed renovation scopes before closing: They get contractor bids on specific scopes before committing to the purchase, not ballpark estimates over the phone.
• Reliable contractor teams: Time is money. A renovation that runs 7 months instead of 4 costs $10,000 to $15,000 in extra carrying costs alone.
• Buying right: The profit is made at acquisition. Overpaying by $20,000 turns a $40,000 net profit into a $20,000 one. There's no renovation scope that fixes a bad purchase price.

Use our Fix & Flip Calculator to model any deal's true net profit, including all carrying and selling costs, before you commit. Our team helps South Florida investors source, analyze, and execute deals across all eight counties we serve. Connect with us to get started.