I'm also new to this, it does look good. Just wondering how are you going to buy it? Private lender? Hard-money? convention? BRRRR? Best of luck though!!
Did you account to the interest rate? If so it looks good to you. Also I've heard that new investors sometimes take bit longer to flip and sell. Let me know what you decide. Cheering for you!
@Alyssa Turza Hi Alyssa, I think it looks good. Two considerations. Looks like you put in RE agent fees of 5%. Generally it's 5 or 6%. So in 6% scenario (maybe 3% to each agent) those fees would bump to $14,100. You can negotiate the % with your agent too if you think it will sell quick = less effort, paperwork, showings, et al for agent. Also while ARV is 235K you may get less on the sale, or contribute to buyers closing costs as a concession etc so some profit may go there. Again looks good at first pass. Best of luck!