Newbie needing help regarding first property numbers

[Lari A.]

Hello BP Community!

I would appreciate any input out there regarding whether or not I should try to get a property under contract.  This would be my first attempt at doing so as a Wholesaler.

PROPERTY: 4/3, 3,621sf, $431k ARV (asking price $330k), light rehab (if any at all) $20k

MY CALCULATIONS:

$431,000 - $129,300 (30%) - $20,000 (Rehab) = $281,700 (investor price)

$281,700 - $5,000 (assignment fee) = $276,700 (MAO)

I plan on making my first offer $270,000 to give me some negotiating room.

Please let me know if my train of though and my numbers are what they should, or shouldn't, be.

Many thanks!