Rehab to Buy and Hold

[Kyle M.]

Hey guys, I am still looking for my first deal and back on the hunt! Buy & holding "average plus" properties in my area doing yield a positive cash flow in my area. My new strategy is to rehab a "fixer upper" and turn it into an asset that produces positive cash flow.

Below are some pictures of a 3b/1ba 1300 sq foot house. What do you think an estimate would be to do a full rehab to this property? The end goal is to rent it out so basically going low-end on a lot of things.

Quick Financials:

50K listing price *bank owned*

~$350 taxes per month ($4200 per year)

Median Rents - $1450 for 3br (rentometer.com)

Any advice would be appreciated, thanks!