Analysis advice on a potential flip

[Noel Walton]

For all the experienced rehabbers out there, my wife and I are looking at a potential first flip and would like to get your feedback on our repair estimates. It is an 1100 Sq. Ft., 3/2 Foreclosure and we will be making a cash offer.

Here is what we are estimating right now, so we would appreciate any feedback if anything is missing, not estimated high enough or much too high.

Exterior- Roof, siding, lawn, driveway, etc. all in good condition

Interior-

Demo $500 (removing carpets, flooring, etc.)

Drywall Repair $1000 (various holes in walls and ceiling up to 1-2' across)

Plumbing $300 (two new toilets, fixtures)

Front Door Replace $300

Electrical $300 (electrical box has a circuit breakers hanging loose)

Interior Paint $2500

Cabinets/Countertops $3000

Carpet/Flooring $4500

Kitchen Appliances $3000 (buying refrigerator, stove, microwave, dishwasher used)

Totalling roughly $15500 and this includes labor cost.

We are definitely open to any/all suggestions. Thank you!