SHORT SALE DEAL OR NO DEAL

[Geoffery Hewlett Jr]

$ 289,788 Mortgage Balance

$ -31,627 Est. Equity

Comps:

$180K

$216K

$270K

$176K

$145K

= 987K divided by 5 = 197.4 (ARV)

.65% x ARV = 128.31

128.31 - Repairs (25K) = 103.31

103.31 - Profit (10K) = 93.31 (Offer for seller)

I’m new and never done a short sale. Do my numbers look accurate? 93K seems FAR off from 320K. Seller waiting on my number. Would really appreciate someone with more knowledge or help please and thank you!!