Good Wholesale Deal?

[Robert Burns]

If found a house in a great subdivision but it has been vacant for at least 5 years. The owners paid $55,000 for the house in 1988 and are motivated to get rid of it. See below the numbers and give me your feedback please:

1. Estimated Sales Price (based on current comps and conditions) $165,000
2. Estimated Closing Costs (3%) 4,950
3. Realtor Fees (at 5%) 8,250
4. Estimated Holding Costs (6 months @ $1350) 8,100
5. Estimated Utilities/Maintenance (6 months @ $250) 1,500
6. Estimated Repair/Remodel/Rehab (attached) 86,687
7. Desired Profit Margin (minimum for effort and risk involved) 30,000

* Maximum Allowable Offer $25,513