1st Flip - Deal Analysis

[Lou Veiga]

I submitted an offer on a property that I looking at flipping. I haven't heard back yet. I'm expecting to get a response tomorrow.

I wanted to post the numbers and get everyone's thoughts on the overall deal. The property is located in New Hampshire. Here are the numbers I'm using:

Purchase 139200

Closing - Buy 3000
Closing - Sell 3000
R.E. Sales Commission 12000
Taxes 2500
Insurance 500

Windows 3000
Paint 600
Trim 500
Kitchen Floor 500
Living Room Floor 1100
Refinish all Hardwood Floors 2700
Furnace 3500
Hot Water Heater 800
Cabinets 2500
Appliances 3500
Countertop 1000
Sink 200
Doors 800
Garage Door 800
Dumpster 400
Gutters 800
Roof Leak 500
Full Bathroom 2500
3/4 Bathroom 1200
Bulkhead Door 400
Misc. (knobs, locks, lights, etc) 2500

Total Investment 190000
ARV : 215000
Profit: 25000

What do you think? Do the numbers look reasonable.

I'd love to hear everyone's feedback.