Potential deal on 2 bed/1 bath

[Josh Layhue]

I'm looking to get advice on the following potential deal:

2 bed/1 bath
Asking $32k
Needs about $3k in repairs
Will rent for at least $625/month
Currently vacant

I'd say the market value is closer to $45k-$50k. It's a foreclosure so I'm sure it will be bought "as is".

Any thoughts?