Our first flip 3/2 single house, need guidance

[Andres Manco]

Me and my wife just found this house, which we are thinking of buying with a conventional loan with 5% down.

Cost:                                       $238000

ARV aprox: $310000

Rehab aprox:                              $25000

Closing cost aprox:                    $10000

Inspection:                                       $890

Appliances aprox:                        $2000

Appraisal:                                        $600

Buyers agent comision:               $6200

2 months of mortgage aprox:     $4140

Total Cost $287040

The rehab is mostly cosmetic: paint, remove carpets, change floors, vanities of 2 bathrooms.

With this numbers we could make $22960 

We were hoping to have the property ready in no longer than 3 weeks after closing and sell it in less than 2 months.

What we are most scare of is the changing market. Knowing that the interest should get higher. We might have to sell for lower.

Do you think we should go through with this deal or wait for another?

If you can be specific of why I would greatly appreciate it. 
Also point out any mistake on my calculations, etc.

Thank you in advance

Andres Manco