First Finance Approved But is it too much

[Carlann Mckenna]

Need you all opinion ASAP.  So I am trying to purchase a flip property this is the details....Tell me if this sounds good or crazy

Property 51k

Repairs 30k

ARV 120-130k

Loan Interest Rate is 14%

Fee 4%points

Term 12 months Interest Only.

For some reason my spiddy sense is going off and I do not think this is a good loan amount. I am new to this game so tell me if I am being to cautious.