Potential Profit Calculated But Not 100% Sure

[Christopher Choe]

Hello so there's this property that I would like to acquire but I want to know if I'm wasting my time reaching out to them or is there a possibility that I could make money on this.

ARV: $500,000

Rehab: ~$33,500 (probably cosmetics but did 15*square ft just for an estimate)

Acquisition price: $390,000 (that's how much they owe on their mortgage)

Estimated Costs: ~$47,800

My AOC: $10k

Possible Profit for Fix N Flipper: $44,400

Are my calculations sound or is there something I'm missing? Anything would help, thank you.