Analyzing 1st Possible Deal

[Audrey C.]

Hello BP,

I have a potential deal from a Probate, but need some help determining its value and what to offer to the homeowner, who is right now very motivated to sell.

This is a 3/2 (originally a 4/2). Homeowner is asking for 210K, but property appraiser's has valued at 158K.
Very little rehab needed. Roof needs to be replaced; bathrooms may need facelift, but not necessary for rental.
Square footage 2,724 on 1 acre land. Excellent livable condition. Great neighborhood.

The homeowner does not wish to provide the mortgage balance, but has stated that her monthly is $1,100. Only voluntary HOA of $10/yearly.

Thanks for all your help.