Would love some feedback on this analysis

[Danny Overfield]

Hello everyone, 

I'm looking for candid feedback of my analysis on this property. I intend on wholesaling the property but chose to analyze this deal from the assignee's perspective and will subtract my assignment fee from the offer price. 

I used BP calculators to run numbers as a Fix and Flip and as a Buy and Hold, with both cash and conventional financing in the interest of multiple exit strategies.

Quick details:

• Property is a SFH in a trendy neighborhood, three of the homes for sale within a 5 minute walk are flipped homes.
• Property has 3 beds and 1 bath. A master bath would be added to compete with comps and the cost to do so is included in repair estimate.
• ARV is $310k based on comps ranging from $310k - $325k.
• Property needs $68k in repairs, repair estimate is included in documents.
• My purchase price would be $185k and I would assign it to a cash buyer at $190k. 
  • Buyer would be all in at just under $260k, their profit would be approximately $30k - $50k.

I tried to be really conservative with these numbers. I don't want to be known as the wholesaler with "deals" that aren't really deals! 

To take a look at the reports from the BP calculators and the repair estimate, click here. 

Let me know what y'all think! Thanks in advance.