Rehab Cost Rule of Thumb

[Deonte Hill]

Hello all,

And thank you in advance for your input. When it comes to rehabs, I’ve seen in the forums a good rough estimate is $20-$100/sqft, dependent supply the severity of the rehab. I’m looking to purchase a property and the house seems in pretty decent condition. Just needs to update the kitchen cabinets, appliances, bathrooms, and some paint. Would be too far off to assume a a rehab cost of $40k?

I’ve attached some pictures for reference.