📊 Novation Profit & Fee Breakdown
Gross Spread (Retail Price - Seller Net)
$85,000
Total Retail Closing & Agent Costs
$29,625
Investor Out-of-Pocket Capital (Rehab + Hold)
$11,300
Net Novation Fee / Investor Profit
+$44,075
Return on Capital Invested (ROIC)
390.04%
Net Profit Margin (% of Retail Price)
11.16%
🎯 Novation Advantage: Novations unlock FHA/conventional retail buyers on the MLS, yielding 2x to 4x higher spreads than standard cash wholesale assignments.