65% minus repairs rule question

[Greg S.]

Hello all, quick question...

It seems that the standard for purchasing investment houses for rehab is to use the rule 65% of ARV, minus repair costs.

Using this formula, about what percent profit is built into the deal? I understand that it will be different for each deal, so I am just looking for an average estimate to give myself an idea of how much money there is to be made.

Thanks!
Greg