calculating net profit

[Jake Drappi]

Hello BP community,

I have recently accepted an offer on my current residence, as I thought I would be yielding a significant net profit, which I was planning on using to get my first duplex/triplex house hack in NJ.  Aside from the market being extremely competitive, I also think I miss calculated my net income from the sale of my house.  I made a rookie mistake of only accounting for the agent's commission in my calculation.  Here are the numbers, any insights would be greatly appreciated.  I did try to do some research online first, but everything I've found has been very subjective or had wide spread variables, which made it hard to figure out.

OFFER

$240,000

OWED

$205,000

AGENT COMMISSION

5%

CLOSING ATTORNY

$1500

THANKS AGAIN!