Analyzing first deal, Please Help!

[Sydnie E.]

Hello BP,

I am working on my first deal and have figured a few numbers. I wanted to know if I have accounted for all areas. Is there anything that I'm missing? Also, is there anywhere I can find a standard contract or would I need to have an attorney create one?

Asking Price 260,000
ARV= 386,000
Purchase Price 240,200
Purchase Cost 2% 4804
Rehab Cost 13% 31,226
Holding Cost 4% 9608
Hard Money 17% 40834
Realtor 6% 23160
Profit= 36,168

Thanks,
Sydnie