My thoughts on rehab, what would you offer,? your thoughts?

[Michael Lauther]

My rough estimates of rehab: new ac/heat (sosuthern FL),  new tile floor throutgt ,  replace roof , kitchen and bath . I have experience in Dayton OH and Hamptons NY but these numbers mean little in my new market which is in Southern Florida, the Margate area.  I don't need exact numbers but would like to understand approx costs.

These are my initial thoughts for a 900 sq ft 3 bedrooom 1 bath ranch. ARV is $135,000

clean out incl demo bath and kitchen  $2000 

shingle roof $6,000,    ( inc tare down old roof) 

complete ceramic tile floor throughout $9000 

new kitchen cabinets and counter (10x10) incude stove and refrig  6000

 bath 3 fixtures  inc tile walls  $3000

 AC/heat (has duct work intact) $6000

Paint interior $1700 

replace one window and install new sliding glass doors $1700

install base and crown molding throughout.  $2100

tot $37,500 

what would maximum offer be on this property.

Listed for $120K but is a total tare out now heat or ac, electric and plumbing was re done replace electric and plumbing appears to work. The most I would pay for this property would be $70K 

motivate seller, what would you offer. I am thinking $50,000. Property was purchased 2009 for 42K.

what are your thoughts.

can be reneted for 1400 month

would buy to flip but can rent easily if necessary.