First deal - does this look good

[Don McIlmurray]

I am ready to pull the trigger on my first deal - nice 3br-1b Cape. Rehab is about 14 days labor estimates my contractor and I'm allowing a month to knock it out pending the usual unforeseen circumstances. Here are my forecast economics - what do you think?

Cost	-80000
Closing/Title	-3000
Reno	-40181
Insurance	-600
Alarm	-60
Loan costs	-3333
Commission	-9600
Sales price	160000
Potential Profit	23225

[Aaron Montague]

@Don McIlmurray

Good to hear.  Can you spend another 5k and add a 1/2 or full bath?  4/1.5 or 4/2s seem to climb towards 200k depending on location.