The cost breakdown of a flip Natfulin’s sample budget, including holding costs Anticipated project length: 9 months Purchase price: $170,000 Renovation: $38,000 Closing costs, typically 4 to 10 percent of purchase price: $12,480 Permits: $700 Taxes: $4,500 Insurance: $1,350 Utilities: $1,800 Interest: $18,702 Other expenses, such as association dues: $900 Cost of sale, including realtor fees and transfer taxes, typically 7 to 10 percent of sale price: $14,560 Total cost: $262,992 Anticipated after-repair value, based on comparable real estate: $320,000 Anticipated profit: $57,008 Anticiated return on investment: 21.6 percent