Wholetailing scenario

[Account Closed]

My partner and I were looking to wholetail a deal and this is what we came up with...are we right? and why or why not?

What we'll list it for: 185,000

subtract 3% buyer fees - $5,550

flat listing fee - $500

Sales price - expenses - $178,950

We buy for $162,000

Closing costs - $4,860

holding costs of 8% interest only for 90 days - $3,370

Total cost - $170,230

Subtract everything from top to bottom and you get what we (should) walk away with, which is: $8,720