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Florida Rehab Cost Estimator

Estimate renovation costs by room and scope using Florida market context. The median home price in Florida is $415,000. Add rooms, choose the rehab level, and get an instant cost breakdown with contingency buffer.

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Project Details

Renovation Scope

Kitchen
$12,000
Primary Bathroom
$5,760
Living Room
$3,750
Primary Bedroom
$3,000

Florida Market Context

Avg Cap Rate

5.5%

Median Price

$415K

Property Tax

0.8%

Vacancy Rate

6.9%

Local Factors

  • -No state income tax, no capital gains tax, no estate tax — rental income taxed at federal level only
  • -Homestead exemption ~$51K (owner-occupied only, does NOT apply to investment properties)
  • -Investment properties capped at 10% annual assessed value increase (vs 3% for homestead)
  • -Hurricane impact windows/shutters required in High-Velocity Hurricane Zones (Miami-Dade, Broward) — $8K–$25K installed, but can reduce insurance 15–45%
  • -Flood insurance required in FEMA Special Flood Hazard Areas (avg $878/yr, high-risk zones $2,200+)
  • -Landlord/dwelling insurance avg ~$3,815/yr — roughly 2x the national average
  • -Vacancy rates rising statewide (6.9%, up from 5.8%) — supply glut in some metros (Tampa 10.3%)
  • -No rent control statewide — landlords can set market rates

Sources

Tax Foundation — FL Effective Property Tax Rate 2025Insurify — FL Landlord Insurance 2025Florida Realtors — 2025 Year-End Housing DataFLA Landlord — FL Rental Market & Vacancy 2026Largo Capital — FL Cap Rates Q2 2025FEMA — Flood Insurance Risk Rating

Total Rehab Cost

$28,187

Light Rehab
Subtotal$24,510
Contingency (15%)$3,677
Cost / Sq Ft$41
Rehab % of ARV6.8%
Rooms / Systems4
TOTAL$28,187
Kitchen$12,000
Primary Bathroom$5,760
Living Room$3,750
Primary Bedroom$3,000
Contingency$3,677

What does this mean?

Rehab costs under 15% of ARV suggest a cosmetic project — paint, flooring, fixtures. These deals are lower risk and faster to execute, ideal for newer investors.

Cost by Room

Kitchen (Moderate)$12,000
Primary Bathroom (Moderate)$5,760
Living Room (Cosmetic)$3,750
Primary Bedroom (Cosmetic)$3,000

How to Estimate Rehab Costs

Accurate rehab budgeting is the difference between a profitable flip and a money pit. Start by walking the property room by room and categorizing each area into one of three rehab levels:

Cosmetic

Paint, flooring, fixtures, hardware. The bones are good — you're just updating the look. Typically $10–25/sqft.

Moderate

New cabinets, countertops, tile work, some drywall. May include partial systems updates. Typically $30–55/sqft.

Full Gut

Down to the studs. New layout, all new systems, structural changes. Typically $60–100+/sqft.

Always add contingency. 15% is standard for cosmetic rehabs, 20% for moderate, and 25%+ for gut jobs. You will find surprises — the question is how expensive they are.

Pro tip: Get contractor bids before finalizing your offer. This calculator gives you a ballpark for quick deal analysis, but a detailed scope of work with line-item bids is essential before closing.

Keep running the numbers

One calculator rarely tells the whole story.

Budget set for Florida. Now make sure the deal still works after rehab.

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