Quick and dirty analysisARV - 58000Purchase price: 14,900Closing; $1000Holding cost (utilities): $400Taxes (200)Rehab; 30,000 Selling costs: (6%) 3,460Closing Asst. (1%) 580Potential Profit = $7460Rough estimate - you have to be very strict on your rehab cost - a 5k overrun will potentially kill this deal.

It's difficult to make a quantitative comparison, as there are so many variables involved.However- I'm editing the first post- I just found a site with estimates for heating costs according to the type of heat used.

The only reason appraisers must go there isv to estimate the income approach used with the market and cost approach to value. 

@Chris Cambridge are these conditions something that you have experienced or are you a lender that's able to do this type of refi as this deal actually meets all of these requirements.

Offer is $239,000 ARV is $400,000 it needs cosmetic repairs in both units so I am estimating $35,000-40,000 in rehab costs.

This is written estimate fee or is it for a walk-thru verbal estimate as well?

I was wondering what estimating software you use or recommend for creating the spreadsheet/graph you posted?

After that it needs what I estimate conservatively $11K of repairs/renovations.

If all goes well your cost won't be more than double your initial estimate.

The changes will merge the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure.Expect delays with closings going forward!