My first flip...Is this a good deal?

[Fred Dray]

Wish I had found this site months ago...so much to learn. I'm serving as private lender (my first experience with this) and wonder if I'm getting a good rate/deal.

Not sure what info to provide, but here's the gist of the deal.

Purchase price of property $23,000. 3-bd 1-ba house (1,087 ss ft) built in 1959.
Renovations $7,000. Which include new roof, paint and new gas lines.
Wholesale fee $1,500
Closing and Holding costs $1,000

Total cash in $32,500 (which I am supplying)

Estimated selling price $45,000

Total projected profit after 5% closing costs $10,250

of which I get
Investor Payout (5% for 6 months = 10% APR $1,250
Investor Projected Profit (20% profit split) $2,050

So my investment of $32,500 for six-months will return $3,300

Does the above seem fair? I can't find any sites which dicuss what the interest rate would be for private lender real estate deals.

Thanks for your comments and advice. Hopefully, I will learn and be able to help others in the future.