First Deal Analysis on Gutted Property: Seeking Feedback on Rehab & Cost Estimates

[Joshua Julian]

Hello Everyone!

Second Post outside of my introduction so I wanted to make it a bit more interesting. I will also preface the conversation by stating I am not planning to invest in the example below as I'm still working to build my capital and have a newborn. My plan is to begin next spring.

That said, I found a completely gutted home a few hours from me and gave my first attempt at analyzing the deal, estimating rehab costs, and projecting ARV. I calculated this one as a potential fix and flip and making it a 2-3 room home at a little over 900 sq ft.. I tried to estimate what a GC might cost in my calculations, but I have an uncle who does roofing and cousins with window installation and landscaping businesses, so I believe I can save some significant costs through their help and guidance.

It's worth noting that I also plan to handle as much labor as I can on my own. However, I have almost no trade skill knowledge so I'm looking at demo, cleanup, yard work, etc. type of jobs. Additionally, I have access to cabinets, doors, and other materials through trades with a friend and uncle who own 100+ doors between them, but still budgeted funds for replacements if they can't offer some. 

In summary, I am curious if this looks like a project others would take on, and I'd appreciate feedback on how I might refine my deal analysis or estimates. What did I miss or maybe have a lack of understanding on that I should research more?

P.S. I'm also making the assumption (which i would have inspected) that no "major" structural repair is required.

Home Listing

BP Fix & Flip Report

Rehab Estimate Report